Ethereum News Today: Ethereum Rebounds 3% to $3,600 as ETF Inflows Outpace Bitcoin Outflows, 9% Pullback From Highs

Ethereum (ETH) has seen renewed interest following a brief dip to $3,500 during Asian trading hours on Thursday, with the price subsequently rebounding to $3,600. Despite a 9% pullback from seven-month highs, analysts emphasize that the broader uptrend remains intact. On-chain data from CryptoQuant indicates Ethereum faces “lower selling pressure” compared to Bitcoin, as evidenced by the ETH/BTC exchange inflows ratio, which has declined to five-year lows since May and remains well below extreme levels [1]. This suggests investors are holding ETH rather than moving it to exchanges, potentially supporting further gains in the ETH/BTC pair.

The growing disparity in ETF flows between Ethereum and Bitcoin has also drawn attention. Spot Ethereum ETFs recorded $332.2 million in inflows on Wednesday, marking their seventh-highest daily inflow since launch [2]. This contrasts with spot Bitcoin ETFs, which saw $285.2 million in outflows over three consecutive days. Ethereum ETFs now manage over $16.6 billion in assets, reflecting heightened demand for the asset. CryptoQuant attributes this trend to “increasing demand for ETH at the margin,” reinforcing its relative outperformance [3].

Key price levels identified by on-chain analytics firm Glassnode highlight the critical junctures for Ethereum. Major support zones are clustered between $2,000 and $3,000, with the realized price at $2,100, true market mean at $2,500, and active realized price at $3,000 [4]. These levels could act as a buffer against further declines. On the upside, resistance remains firmly entrenched at $4,500, a threshold that has historically impeded price advances. Glassnode notes this level represents Ethereum’s active realized price pushed one standard deviation higher, having previously resisted upward movement during March 2024 and the 2020-21 cycle. A breakout above $4,500, the firm warns, could coincide with heightened speculative activity, though it remains a critical barrier for bulls [5].

In the near term, traders must focus on a pivotal intermediate target. To progress toward the $4,000 milestone, Ethereum must first surpass the $3,860 level. This threshold would clear the path for a test of the $4,500 resistance zone, which has long been a psychological and technical hurdle. Without a sustained push above $3,860, analysts caution that momentum could stall, limiting potential for a broader rally.

The interplay between on-chain metrics, ETF demand, and price structure underscores Ethereum’s unique position in the crypto market. While Bitcoin struggles with outflows, Ethereum’s inflows and favorable on-chain dynamics position it as a focal point for investors seeking exposure to the digital asset class. However, the path forward remains contingent on breaking key resistance levels and maintaining positive sentiment.

Source: [1] [Ethereum (ETH) Price: $4,500 Resistance Level Remains Key Barrier for Bulls](https://blockonomi.com/ethereum-eth-price-4500-resistance-level-remains-key-barrier-for-bulls/) [2] [Ethereum (ETH) Price: $4,500 Resistance Level Remains Key Barrier for Bulls](https://blockonomi.com/ethereum-eth-price-4500-resistance-level-remains-key-barrier-for-bulls/) [3] [Ethereum (ETH) Price: $4,500 Resistance Level Remains Key Barrier for Bulls](https://blockonomi.com/ethereum-eth-price-4500-resistance-level-remains-key-barrier-for-bulls/) [4] [Ethereum (ETH) Price: $4,500 Resistance Level Remains Key Barrier for Bulls](https://blockonomi.com/ethereum-eth-price-4500-resistance-level-remains-key-barrier-for-bulls/) [5] [Ethereum (ETH) Price: $4,500 Resistance Level Remains Key Barrier for Bulls](https://blockonomi.com/ethereum-eth-price-4500-resistance-level-remains-key-barrier-for-bulls/)