Overview
- ETH traded near $3,115 after another failed push to reclaim $3,300, holding in a $3,000–$3,300 range over the past week.
- Immediate resistance sits around $3,150–$3,180, with a decisive break below $3,050 risking a slide toward $3,020–$3,000.
- U.S. spot Ethereum ETFs posted about $51.5 million in net outflows on Jan. 8, reflecting softer near-term demand.
- The Coinbase Premium Gap’s 14-day average is near −2.29, its lowest since early February 2025, indicating weaker U.S. institutional buying.
- Derivatives data show rising volume but falling open interest, suggesting traders are rotating or closing positions rather than adding leverage.