Ethereum is testing major resistance levels just as its U.S. spot ETFs record a net outflow of about 41.5 million dollars, despite a 28.4 million dollar inflow into BlackRock’s ETHA fund. Technical analysts now focus on the 4,800-dollar zone and nearby supply areas to gauge whether the latest rebound can turn into a sustained move higher.
Ethereum ETFs Record 41.5 Million Dollar Outflow as BlackRock Adds 28.4 Million Dollars
Ethereum exchange traded funds posted a net outflow of roughly 41.5 million dollars on Dec. 4, according to daily ETF flow data. The withdrawal reflects broad selling across several major issuers, even as BlackRock moved in the opposite direction with a sizable new purchase.
Ethereum ETF Daily Flows Table. Source: Ted
BlackRock’s ETHA product recorded an inflow of 28.4 million dollars, the strongest single entry of the day. Fidelity’s FETH, VanEck’s ETHV, and Grayscale’s ETHE and EZET logged some of the largest red figures, continuing recent patterns in which higher-fee products face heavier outflows. Bitwise and 21Shares showed minimal activity, with flows holding near zero.
Across the table, the distribution of red and green entries highlights a split market. Large withdrawals from multiple issuers outweighed BlackRock’s inflow, pushing the total into negative territory for the day. The trend aligns with two weeks of uneven activity, where inflows concentrate around low-fee products while older structures continue to shed assets.
The Dec. 4 reading underscores that institutional demand remains present but uneven. BlackRock’s steady additions contrast with persistent outflows elsewhere, suggesting a rotation in investor preference rather than a broad shift in sentiment toward Ethereum itself.
Analyst Flags $4,800 as Key Breakout Level for Ethereum
Ethereum could eventually reach far higher price levels, but only if it clears several major resistance zones, according to analyst Ali. In a new weekly chart update shared on X, Ali said a path to a theoretical 62,000 dollars per ETH starts with a decisive break above 4,800 dollars.
Ethereum Weekly Resistance Targets Chart. Source: Ali / @ali_charts
The chart maps Ethereum’s price history since 2021 and highlights a series of horizontal resistance bands. Ali identifies 4,800 dollars as the first major hurdle, near the prior cycle peak. If Ethereum manages to reclaim and hold that area, he points to 6,800 dollars and 8,800 dollars as the next key targets on the way up.
Ethereum currently trades near 3,160 dollars on the weekly timeframe in Ali’s chart, sitting below the mid-range band around 3,600 dollars. The structure places price between support near 1,200 dollars and resistance at 4,800 dollars, outlining a wide range that Ethereum must navigate before any of the higher levels come into play.
Ethereum Approaches Key Resistance as Reversal Attempts Take Shape
Ethereum is now moving toward a major resistance zone after showing early signs of a short-term reversal, according to analysis shared by Crypto Caesar. The daily chart highlights several stacked supply areas between roughly 3,400 and 3,900 dollars, marking the next set of levels Ethereum must clear to confirm sustained upside.
Ethereum Resistance And Rebound Zones Chart. Source: Crypto Caesar / TradingView
The chart tracks Ethereum’s recovery from a recent dip near 2,480 dollars, where price reacted at a high-volume support block. That rebound pushed ETH back into a mid-range band that previously acted as both support and resistance. The move signals improving momentum, though the structure still reflects a broader series of lower highs formed since September.
As Ethereum approaches the overhead red resistance bands, traders watch whether the recent bounce can extend or if selling pressure returns at the same levels that capped prior rallies. The previous breakout from a descending channel earlier in the year is also noted on the chart, underscoring how major trend shifts began at similar reclaim zones. The next reaction at resistance will determine whether the reversal gains follow-through or stalls against long-standing supply.
Source: https://coinpaper.com/12898/ethereum-faces-key-resistance-as-et-fs-lose-41-5-million-dollars-despite-black-rock-buy
