Ethereum ETFs Record Net Outflow Amidst BlackRock Inflow

Ethereum exchange traded funds (ETFs) recorded a net outflow of approximately 41.5 million dollars on December 4th. This withdrawal occurred despite a 28.4 million dollar inflow into BlackRock’s ETH ETF, known as ETHA. The outflow reflects broader selling pressure across several major issuers, while BlackRock’s product saw a significant new purchase.

BlackRock’s ETHA product led the day with an inflow of 28.4 million dollars. In contrast, Fidelity’s FETH, VanEck’s ETHV, and Grayscale’s ETHE and EZET experienced some of the largest outflows. This pattern suggests that higher-fee products are continuing to face heavier withdrawals. Bitwise and 21Shares exhibited minimal activity, with their flows remaining close to zero.

The distribution of inflows and outflows across the market indicates a divided sentiment. Large withdrawals from multiple issuers exceeded BlackRock’s inflow, resulting in a net negative position for the day. This trend aligns with the past two weeks of activity, characterized by inflows concentrating in low-fee products while older structures continue to shed assets. The data from December 4th underscores that institutional demand for Ethereum remains present but is unevenly distributed. BlackRock’s consistent additions contrast with persistent outflows from other issuers, suggesting a rotation in investor preference rather than a widespread shift in sentiment towards Ethereum itself.

Analyst Identifies $4,800 as Crucial Breakout Level for Ethereum

Technical analysts are closely watching the 4,800-dollar zone and nearby supply areas to determine if Ethereum's recent rebound can sustain its upward momentum. According to analyst Ali, a decisive break above 4,800 dollars is a prerequisite for Ethereum to potentially reach significantly higher price levels.

Ali shared a weekly chart update on X, outlining a theoretical path to 62,000 dollars per ETH, which begins with clearing the 4,800-dollar resistance level. The chart, which maps Ethereum’s price history since 2021, highlights a series of horizontal resistance bands. Ali identifies 4,800 dollars as the initial major hurdle, situated near the prior cycle peak. Should Ethereum successfully reclaim and sustain this level, Ali points to 6,800 dollars and 8,800 dollars as the subsequent key targets on its ascent.

Currently, Ethereum is trading near 3,160 dollars on the weekly timeframe depicted in Ali’s chart, falling below the mid-range band around 3,600 dollars. The current structure positions the price between support near 1,200 dollars and resistance at 4,800 dollars, defining a wide range that Ethereum must navigate before any of the higher price targets become attainable.

Ethereum Approaches Key Resistance as Reversal Attempts Emerge

Ethereum is currently moving towards a significant resistance zone, showing early indications of a short-term reversal, according to analysis provided by Crypto Caesar. The daily chart highlights several stacked supply areas situated between approximately 3,400 and 3,900 dollars, representing the next levels Ethereum must overcome to confirm a sustained upward movement.

The chart illustrates Ethereum’s recovery from a recent dip to around 2,480 dollars, where price found support at a high-volume block. This rebound has pushed ETH back into a mid-range band that has previously served as both support and resistance. This movement signals an improvement in momentum, although the overall structure still reflects a series of lower highs that have been formed since September.

As Ethereum approaches the overhead red resistance bands, traders are observing whether the recent bounce can extend or if selling pressure will re-emerge at the same levels that capped previous rallies. The prior breakout from a descending channel earlier in the year is also noted on the chart, emphasizing how significant trend shifts have historically commenced at similar reclaim zones. The upcoming reaction at these resistance levels will be critical in determining whether the current reversal attempts gain follow-through or stall against established supply.