Ethereum Price Prediction: Sharp Rejection At Key Fibonacci Level Puts ETH Back On Defense
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Ethereum faced a sharp rejection at $3,350 with over $112 million in net outflows indicating reduced investor confidence. Currently trading around $3,195, ETH must reclaim $3,260 to avoid deeper price targets near $3,084 and $2,973. Technical indicators show bearish momentum with the RSI in the mid-30s.
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- ETH faces renewed pressure after a sharp rejection at $3,350, with more than $112M in outflows signaling reduced risk appetite.
- Price holds the 0.618 Fib near $3,195, but momentum weakens as SAR stays bearish and RSI hovers in the mid-30s.
- A rebound requires reclaiming $3,260; losing $3,175 exposes deeper targets at $3,084 and $2,973.
Ethereum price today trades near $3,195 after a heavy rejection at the $3,350 zone, where multiple resistance layers converged. The pullback has forced ETH back into a tight range as outflows spike again and buyers try to defend a rising trendline that has supported price since last week.
Outflows Surge As Traders Reduce Exposure
ETH recorded more than $112 million in net outflows on December 11, according to Coinglass. The outflows continue a pattern that has built for months, with large red pri…
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