Ethereum Turns Bullish As It Tests Heavy EMA Ceiling After $13M Inflows (Technical Analysis)
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Traders Union549 FollowersFollow5ShareSavePlay(5min)CommentsSummaryEthereum records a positive $13 million net inflow after weeks of persistent outflows.Open interest jumps to $40.96 billion as volume surges to nearly $95 billion.ETH approaches key resistance between the 50-day and 200-day EMAs.
Alvaro Fernandez Echeverria/iStock Editorial via Getty Images By Jainam Mehta Ethereum (ETH-USD) traded near $3324 on Wednesday after delivering one of its strongest intraday recoveries this month. The move comes at a crucial moment, with months of steady outflows and heavyThis article was written byTraders Union549 FollowersFollowTraders Union is a leading financial portal dedicated to empowering traders and investors with essential information to maximize their success in the financial markets. Its mission is to create a trusted platform where users can easily access comprehensive details about the top brokerage firms offering the most favorable and seamless trading conditions. Founded in 2010, Traders Union was built on the idea of providing thorough and unbiased reviews of international forex brokers, along with high-quality content covering global trading and investment trends. Traders Union saves time and effort by making the process of selecting a reliable broker hassle-free. With the Traders Union Broker Rating, users have all the data needed to make well-informed decisions, eliminating the need for endless research and review reading.Quick InsightsWhat technical level must ETH decisively clear to confirm a trend reversal?ETH must break and hold above the $3450–$3520 EMA cluster to confirm a shift from downtrend to medium-term bullish structure.How has derivatives market positioning changed for ETH recently?Open interest jumped 8% to $40.96B, futures volume neared $95B, and top-trader long ratios hit 2.79:1, all indicating strengthening bullish sentiment.What are the key support levels to monitor for ETH's recovery narrative?Support at $3180 and $3120 is pivotal; breaching these would weaken the recovery and likely return ETH to a consolidation phase.Recommended For You