Ethereum Price Analysis: ETF Performance Could Push $ETH Through Technical Resistance Levels 🚀📊

📉 ETH Price Overview
Ethereum (ETH) has dropped from its yearly high of $4,100 to $3,334, losing 14% in weekly value. Currently trading below the 100-hourly Simple Moving Average, ETH faces bearish short-term trends. Resistance is at $3,420, and a move below support levels of $3,200, $3,120, or $3,000 could see further declines. Breaking $3,420 could push ETH to $3,500 or $3,650.

💼 Institutional ETF Inflows
Spot ETH ETFs are seeing massive inflows, attracting institutional interest. Late November saw $2.2 billion inflows, with last week adding $62.7 million, raising total net asset value to $1.215 billion. BlackRock’s ETHA leads with $143 million, followed by Fidelity’s FESH at $26.1 million.

🎨 Ethereum NFT Market
The NFT sector remains strong, with weekly sales nearing $201 million, accounting for 66% of total sales. Collections like Pudgy Penguins ($54.4M) and LilPudgys ($20M) are dominating demand.

📈 Analyst Predictions
VanEck forecasts ETH reaching $6,000 by Q4 2025 and $22,000 by 2030. Technical patterns, such as the ascending triangle, suggest a rally to $8,800, provided ETH surpasses the $4,100 psychological barrier. ETH/BTC ratios also hint at a bullish cycle, with Ethereum outperforming Bitcoin in late 2025.

🕰️ Historical Trends & Future Outlook
Renowned analysts like Benjamin Cowen note that ETH typically sees more green quarters after periods of underperformance. Based on historical cycles, ETH could experience strong rallies through 2025 and early 2026.

ETH continues to show resilience amid market challenges, with ETFs and NFTs driving momentum. 🌟