Ethereum Faces Key 2026 Resistance, but $5.04 Million ETH ETF Inflows Spell Hope

The Ethereum (ETH) worth is buying and selling with a bullish bias, holding nicely above the assist supplied by a longstanding ascending trendline.

While a crucial resistance holds on the 4-hour timeframe, optimistic ETH ETF flows on Monday encourage hope.

Over $5 Million Ethereum ETF Inflows on Monday Fuels ETH Price Surge

The Ethereum worth continues to indicate power, at the least on the 4-hour timeframe, drawing tailwinds from over $5 million in ETF inflows on Monday.

Data on SoSoValue reveals that on January 12, spot Ethereum ETFs reported a complete web influx of $5.042 million. With this, they successfully ended a 3-day web outflow streak.

Amidst the optimistic flows, nonetheless, BlackRock’s ETHA ETF bled $79.9 million, marking the one outflows on Monday as Fidelity, Bitwise, VanEck, Invesco, and Franklin Templeton posted zero flows.

Conversely, 21Shares recorded $5 million in optimistic flows, alongside Grayscale’s $50.7 million and $29.3 million inflows from its ETHE and ETH funding merchandise, respectively.

As of January 12, the cumulative complete web inflows into Ethereum ETFs was $12.44 billion, with as much as $940.66 million in complete worth traded and $18.88 billion in complete web belongings. Notably, the entire web belongings account for over 5% of Ethereum’s market capitalization.

Elsewhere, Bitcoin spot ETFs noticed a complete web influx of $117 million, marking a shift from 4 consecutive days of web outflows. Meanwhile, Solana spot ETFs recorded a complete web influx of $10.67 million, whereas XRP spot ETFs noticed a complete web influx of $15.04 million.

Ethereum Price Outlook After $5.04 Million Monday Inflows

With the Ethereum worth holding nicely above the multi-week assist supplied by the ascending trendline, the dominant development stays bullish.

With the RSI (Relative Strength Index) rising, momentum is rising, and if sustained, the ETH worth may probably understand additional positive factors. However, the RSI place across the 50 stage leaves quite a bit on the steadiness, with worth motion vulnerable to bearish takeover.

However, its total trajectory and place above 50 means the bulls have the higher hand, a sentiment that might be enhanced if Tuesday’s flows additionally are available in optimistic for ETH ETFs.

Traders trying to take lengthy positions for the Ethereum worth, due to this fact, ought to await a decisive candlestick shut above the $3,150 resistance stage. This might be confirmed by a profitable retest of that stage, the place worth breaks above it, retests it, and manages to nonetheless maintain above it on the 4-hour timeframe.

Such a transfer may see the Ethereum worth goal the $3,223 to $3,296 provide zone subsequent, a bearish order block that stands in Ethereum’s path towards reclaiming its peak costs.

Conversely, with the Ethereum worth confronting rapid resistance at $3,150, the amount profiles present vital opposing forces at current price levels around $3,134. This is obvious within the giant nodes of bullish (inexperienced horizontal bars) and bearish (pink) quantity profiles on the chart.

However, with extra bearish nodes and bullish nodes, the Ethereum worth may pull again, which might be accentuated by detrimental ETH ETF flows on Tuesday.

In the occasion of a correction, the bullish thesis for the Ethereum worth could be invalidated if the assist as a result of ascending trendline breaks, which may see ETH retest the $3,058 ranges final seen on January 9.

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