Ethereum Price Prediction: Rising Outflows Push ETH Toward Key Breakdown Zone

• Ethereum trades near $2,995, struggling to stay above the $2,950–$2,880 demand zone as sellers dominate.
• Coinglass data shows $27.56M in outflows, extending the multi-week distribution trend since breaking below the 200-day EMA.
• A close below $2,950 exposes $2,800 and $2,600, while reclaiming $3,083 and $3,392 could flip short-term momentum bullish.

Ethereum price today trades near $2,995, holding just above the critical $2,950 to $2,880 demand zone as sellers continue to pressure the structure ahead of November 19. The market remains locked inside a clear downtrend, with the descending trendline dominating price action and the EMA cluster reinforcing bearish control.

ETH Extends Breakdown As Sellers Defend The Trendline

Ethereum has failed to break the descending trendline that has capped every rebound since early Oct…

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