Ethereum Holds Above $3,150 as Traders Watch $3,350 Breakout Test

ETF inflows plus whale concentration are reinforcing support in a tightly traded market.

Overview

ETH traded between roughly $3,160 and $3,260 over the past day, holding above $3,150 while still below its 100- and 200-day moving averages.
Spot ETH ETFs recorded $57.6 million in net inflows on Wednesday, with $56.5 million attributed to BlackRock.
Total spot ETH ETF assets climbed from $16.8 billion to about $21.5 billion since Nov. 21, signaling renewed institutional demand.
On-chain data show whale clusters holding about 2.8 million ETH near $3,150 and 3.6 million near $2,800, reinforcing key support zones.
Derivatives indicators point to elevated futures open interest and mildly positive funding, leaving room for a move above $3,350–$3,450 or a pullback toward $3,000 if momentum fades.