Ethereum Price Prediction: Descending Channel Caps ETH As Spot Outflows Persist

• ETH remains capped below a dense EMA resistance cluster near $3,130–$3,350, keeping the broader structure corrective rather than trend-recovering.
• Persistent spot outflows continue to undermine rebounds, suggesting rallies are being sold into rather than accumulated.
• Short-term price action stays confined within a descending channel, with momentum indicators failing to confirm upside continuation.

Ethereum price today trades near $3,115, slipping modestly after failing to extend its early January rebound. Price remains trapped inside a descending channel on lower timeframes while the daily chart shows ETH struggling beneath key moving averages, keeping sellers in control despite improving long-term institutional signals.

Spot Outflows Keep Pressure On Price

Spot flow data continues to weigh on Ethereum’s recovery. On Janua…

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