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Ethereum price struggles near $3,000 amid ETF outflows and whale selling, but analysts still eye a potential rally toward $5,000 as key resistance levels
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Continuous Ethereum ETF outflows and whale selling have limited upside momentum despite brief recovery attempts.
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Despite, top analysts see potential ETH breakout toward $5,000 if price reclaims and holds above $3,200.
Ethereum, the second-largest cryptocurrency by market value, has been under pressure for months. After peaking near $4,953 in August, ETH has fallen almost 40% and is now trading close to the $3,000 mark.
This long decline has tested investor patience, especially as the overall crypto market searches for a clear direction.
ETF Outflows and Whale Selling Add Pressure
One major reason behind Ethereum’s weak price action is continued selling pressure. Spot Ethereum ETFs recorded seven straight days of outflows, signaling reduced institutional demand. Meanwhile, leading this outflow charge was BlackRock ETHA with almost $558.1 million in just the past 5 days.
Although on 22nd Dec alone Eth ETF recorded an inflow of $84.6 million after 7 days of outflow.
At the same time, on-chain data shows that whales sold nearly $360 million worth of ETH in just one week. This steady selling has made it harder for Ethereum to push higher, even when the market shows brief signs of recovery.
Still, some crypto experts warn that if Ethereum fails to break higher, the chart could point toward a deeper pullback into the $2,100–$2,300 zone.