Ether forecast strengthens as ETF inflows rise and sellers weaken

Ether (CRYPTO:ETH) traded near $3,200 after being rejected from the $3,650–$3,350 supply zone, with the move aligning with the 200-day EMA, which reinforced overhead resistance.

Spot ETH ETF inflows increased from $16.8 billion to $21.5 billion since 21 November, marking a 28% rise and signalling early demand recovery.

Glassnode said spot ETH ETFs are showing “the first signs of life” after weeks of outflows as inflows rebound into year-end.

Demand remains below the $32 billion peak seen in October, indicating institutional sentiment has not fully returned.

CryptoQuant data showed net taker volume at –$138 million, improving significantly from October’s –$500 million, suggesting aggressive selling pressure is easing.

The 30-day moving average of taker volume is forming ascending lows, a structure last seen before ETH’s 3x rally to a new all-time high in early 2025.

Analysts suggest that if taker volume flips positive, ETH could enter a fresh bullish breakout phase in the coming weeks.

Ether is testing a $3,100–$3,180 demand zone within an ascending channel, with momentum cooling as the market approaches a structural decision point.

A bullish move requires the zone to hold, enabling a rebound toward the 200-day EMA and a potential break above $3,450 to reopen a path toward $3,900.

A bearish breakdown below channel support could lead to a retest of $3,000, a key support level.

Hyblock data shows derivatives markets remain neutral, with slightly lower open interest, mildly positive funding rates, and a balanced bid/ask ratio.

At the time of reporting, Ethereum price was $3,257.35.