Ether Price Trend Predicts Mega Rally as ETF Inflows Resume
Ether (ETH) has experienced a cooling in price action this week, following a sharp rejection from the $3,650-$3,350 supply zone, with the altcoin currently hovering near $3,200. This rejection coincided with the 200-day exponential moving average (EMA) and reinforced overhead resistance, just as spot exchange-traded fund (ETF) flows began to show signs of recovery. The recent price movement has sparked interest among investors, with many wondering what the future holds for ETH.
ETF Inflows on the Rise, But ETH Charts Reflect Traders’ Fear
According to data from Glassnode, ETH spot ETFs are finally showing “the first signs of life” after several weeks of outflows. A 28% recovery in total net ETF assets since November 21 suggests increasing demand through year-end. However, the recovery is still modest compared to the peak of $32 billion in early October, suggesting that institutional belief has not yet fully returned. This increase in ETF inflows is a positive sign for ETH, but the charts still reflect traders’ fear and uncertainty.
Net Taker Volume Shows Signs of Improvement
Data from CryptoQuant supported this narrative, with net taker volume remaining negative at -$138 million, but the improvement from the extreme value of -$500 million in October marks a structural change. Aggressive sellers dominated the market during the September-October decline, but that momentum is slowly fading. The 30-day moving average of net taker volume is also showing an ascending pattern at its lows, a structure last seen in early 2025, just before ETH began a triple rally and hit a new all-time high.
ETH Price Falls on Support as Derivatives Cool Down
Ether is currently testing the $3,100-$3,180 order block on the four-hour chart, a region that could serve as a demand zone. ETH price continued to respect its ascending channel, but the momentum is clearly fading. The market is currently at a structural crossroads, with the potential for a bullish breakout or a bearish decline.
In a bullish scenario, holding the demand block and channel support would allow ETH to rally towards the daily 200-day EMA. A clear break above $3,450 would invalidate the rejection and reopen the path to the resistance at $3,900. However, from a bearish perspective, a break below the ascending channel support represents bearish confirmation and a possible retest of $3,000, a key support level.
Data from Hyblock suggests that Ether derivatives support the neutral but fragile thesis. The aggregate open interest (OI) decreased slightly after the rejection. The funding rate is slightly positive but not excessive, and the bid-ask ratio remains near neutral, showing that spot takers are not yet aggressively bullish.
ETH’s next big move now depends on whether bulls can defend the demand zone long enough for taker flows and ETF demand to improve and translate into sustained upward pressure. As the market continues to evolve, it’s essential to stay informed and up-to-date with the latest developments. For more information, visit https://cointelegraph.com/news/ether-price-trend-predicts-mega-rally-as-etf-inflows-resume
