Ethereum Faces Key 2026 Resistance, but $5.04 Million ETH ETF Inflows Spell Hope
Ethereum shows bullish signs supported by $5.04 million in Monday ETF inflows, despite facing a key resistance level.Summary
The Ethereum (ETH) price is currently trading with a bullish bias, supported by a longstanding ascending trendline, bolstered by positive spot Ethereum ETF inflows totaling $5.042 million on Monday, which ended a three-day net outflow streak. While BlackRock's ETF saw outflows, 21Shares, Grayscale, and others contributed to the positive total. Technically, the RSI is rising, suggesting increasing momentum, but ETH faces immediate resistance around $3,150. A decisive close above $3,150 could target the $3,223 to $3,296 supply zone. Conversely, if the price fails to break resistance or if ETF flows turn negative, a pullback toward the ascending trendline support or $3,058 could occur, invalidating the immediate bullish thesis.
(Source：BeInCrypto)