Ether price trend forecasts triple-digit rally as ETH ETF inflows resume
Ether's price is consolidating near $3,200 following a rejection, while recovering ETF inflows and improving taker volumes suggest potential for a significant rally.Summary
Ether (ETH) price action has cooled, currently hovering near $3,200 after being rejected from the $3,350 to $3,650 supply zone, coinciding with the 200-day EMA. Despite this short-term pullback, key indicators suggest underlying strength: spot Ether ETF assets have increased by 28% since November 21st, signaling early demand recovery, though still below October's peak. Furthermore, net taker volumes, while still negative, show significant improvement from previous extremes, indicating weakening aggressive selling pressure. The 30-day moving average of net taker volume shows a pattern similar to early 2025, preceding a major rally. Technically, ETH is testing the $3,100–$3,180 demand zone within an ascending channel. A successful defense of this support could lead to a retest of the 200-day EMA and potentially $3,900, whereas a breakdown below the channel support risks a retest of $3,000. Derivatives data remains neutral, suggesting the market awaits confirmation from sustained upside pressure driven by improving ETF and taker flow dynamics.
(Source：Cointelegraph)