Ethereum Price Stalls at $3K Amid ETF OutflowsThe Ethereum price is flattening out around $3,000 as spot ETFs record $19.4 million in outflows. While there is some mixed fund flow data, a positive setup is noticed.
Key Points- Ethereum ETFs Outflows: $19.41 million outflows were recorded on Dec 12 by the Ethereum-based ETFs, including outflows from Grayscale ETHE as well as Fidelity FETH.
- BlackRock's ETHA: Saw inflows of $23.25 million, whereas Grayscale's ETHE and ETH funds witnessed total withdrawals of $36.52 million.
- Ethereum Price: Currently trading at $3,157, it is down by 5.4% in the last 24 hours and by 12.6% in the last 30 days Analyst Insights- Bullish Pattern: Analysis of the inverse head and shoulders pattern reveals that the stock could reach $4,955.90, a gain of 57% from the current levels. - Liquidity Clusters: Major liquidity clusters are found at $3,000, $3,150, and $3,250 levels, with the possibility of ETH pulling through the liquidity to go higher.
