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8h ago

Ethereum Holds Near $3,000 as Short-Term Rebound Faces Weak ETF and On-Chain Flows

Traders await confirmation of a range break, with ETF outflows and falling fees weighing on liquidity.

Ethereum price forms a risky pattern as network fees, etf inflows slump
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Overview

  • ETH traded around $2,950–$3,000 after a recovery above $2,900, with immediate resistance flagged at $3,000–$3,050 on intraday charts.
  • Ethereum-focused ETFs recorded renewed withdrawals, including about $38 million on Friday and a second straight month of net outflows, according to SoSoValue.
  • Nansen data shows 30-day Ethereum fees around $11.1 million, roughly 57% lower year over year, while DeFiLlama tracks December DEX volume near $44 billion after four monthly declines.
  • Daily charts highlighted by crypto.news cite a death cross and head‑and‑shoulders setup, as broader analysis from CoinCentral places price in a $2.8K–$3.8K range awaiting decisive confirmation.
  • Institutional staking flows continue, including BitMine’s move to stake its holdings and a reported roughly $200 million stake by a major entity, reducing liquid supply on the market.