$ETH Price prediction of Ethereum: Significant outflows push ETH towards $3,200 as trend resistance tightens
Ethereum enters a decisive phase in December, with a price retreating towards $3,200. The market reflects a stable distribution rather than panic, with the largest wallets continuing to sell the recoveries.
Significant outflows continue to anchor the ETH structure. The red bars have dominated the liquidity footprint of the asset for weeks, limiting any attempt to build upward momentum. Sellers have remained active near the mid-November ranges, using strength as an opportunity to reduce exposure. This pattern has kept the market stuck despite occasional rebounds.
Ethereum sees net outflows of $107.55 million on December 11.
Open interest in futures contracts decreases by 1.13% as leverage diminishes.
The price remains capped below the 50, 100, and 200-day EMAs.
