Ethereum Price Prediction: ETH Price Attempts Recovery While Flows Hint at Short-Term Calm

Ethereum’s price action has started to calm after a steep drop from the $3,400 swing high, but the broader 4-hour structure still looks fragile. ETH hovered near $3,010 at the latest reading as traders watched for signs of stability after several Fibonacci supports failed.

While the rebound attempt has reduced near-term panic, analysts tracking momentum tools say bulls still need more than a bounce. They need a clean reclaim of key resistance zones to shift sentiment back to recovery mode.

Support Zones Define the Next Risk Point

ETH now sits on an important support cluster around $3,010–$2,990, which has acted as the current hold area. Besides that, traders have also highlighted $2,965 as a short-term pivot where buyers recently stepped in. If ETH loses $2,965 with strength, focus shifts toward $2,922, a level tied to the 0.236 Fibonacci zone.

Consequently, a break below $2,922 could open the door to $2,773, which stands as a deeper downside target. That level also marks the lower boundary of the current Fibonacci structure. Analysts say these zones matter because the market has moved into a reactive phase. Price now responds faster to each technical break.

ETH Price Dynamics (Source: Trading View)

On the upside, ETH’s first challenge sits near $3,014, aligned with the 0.382 Fibonacci mark. Additionally, $3,089 remains a key mid-range level that bulls must reclaim to reduce selling pressure. Above that, $3,163 stands out as a rejection zone, with $3,268 acting as a stronger breakout confirmation level.

Significantly, reclaiming the $3,163–$3,268 band would signal buyers are regaining control of the trend. Until then, the rally still looks like a short-lived recovery attempt. The $3,403 swing high remains the larger supply zone, where sellers previously took control.

Open Interest and Spot Flows Add Context

Source: Coinglass

Derivatives activity adds another layer to the setup. Ethereum open interest expanded sharply into late 2025 and stayed elevated into January. The latest figure sat near $38.57 billion as ETH traded around $2,979. Hence, liquidation risk remains high, since traders still hold large leveraged positions.

Source: Coinglass

Moreover, spot flow trends showed extended exchange outflows across 2025, with heavier clusters in August, October, and mid-November. However, recent flows turned more mixed. The latest netflow came in slightly positive at about $6.56 million, hinting at near-term stabilization.

Technical Outlook For Ethereum Price

Key levels remain clear as ETH attempts to stabilize after the $3,400 rejection.

• Upside levels: $3,014, $3,089, and $3,163 stand as the first hurdles, where sellers may defend aggressively. A clean breakout could extend toward $3,268, with $3,403 acting as the major supply ceiling that bulls must flip to confirm a broader recovery.

• Downside levels: $3,010–$2,990 is the immediate support zone, followed by $2,965 as the short-term pivot. Below that, $2,922 becomes the key defense level, while $2,773 sits as the deeper breakdown target if weakness returns.

The technical picture suggests ETH remains fragile on the 4H chart, with momentum still bearish-to-neutral until price reclaims the mid-resistance cluster.

Will Ethereum Go Up?

ETH’s short-term direction depends on whether buyers can hold $2,965 and rebuild above $3,089–$3,163. If inflows improve and price flips resistance into support, ETH may regain bullish traction.

Failure to defend $2,965, however, risks another slide toward $2,922 and potentially $2,773. For now, ETH remains in a pivotal zone.

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