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The price of Ethereum has struggled to regain momentum, fluctuating near the $3,000 level during recent sessions. This prolonged consolidation has negatively affected sentiment and weakened the confidence of eth holders in the short term.
However, series signals and historical price action indicate that conditions may be forming for a potential rebound.
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Ethereum ETFs continue to lose money
Ethereum ETFs have faced sustained pressure over the past two weeks. During this period, only one trading day saw positive net influences, mainly driven by the activity of Grayscale. Outside of that session, investors continually pulled capital from Ethereum ETFs, signaling caution in traditional funding channels.
This decline appears to be cyclical rather than structural. If Ethereum retests the support level at $2,798, buyers can re-enter. A successful rebound and recovery of that area can reset market expectations and restore the upward price trajectory.
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The main owners show strength
The data of the series indicates an improvement in the overall momentum of the surface. The Ethereum HODLER Net Position Change Index, which tracks the actions of long-term holders, has risen sharply. The index is now near the exit highs seen in the last five months.
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This change suggests that long-term holders are reducing selling pressure and regaining confidence in Ethereum’s ability to recover. If the indicator crosses above the zero line, it confirms the presence of positive net flows from long-term holders. Historically, this behavior supports price stability and trend reversals.
The ETH price may decline
Ethereum is trading near $2,978 at the time of writing, still below the psychological barrier of $3,000. This consolidation raised concerns that eth could close in 2025 below this level. Lingering indecision has kept volatility high and sentiment weak.
Both the dynamics of ETFs and the behavior of long-term holders indicate the potential for a turnaround. A controlled correction towards $2,798 may form the basis for a possible rebound. If Ethereum regains the $3,000 level as support, the price action may extend towards $3,131 and beyond.
Downside risks remain if the upward momentum does not develop. If a break below $2,798 occurs, the technical structure will be weakened. In this case, the price of Ethereum could flow towards $2,681, invalidating the positive outlook and strengthening the short-term selling pressure.
