• Ethereum price today trades near $3,255 after losing $3,400 support and rejecting the descending trendline.
• Spot outflows of $97.4 million and falling open interest confirm traders are reducing exposure despite ETF inflows.
• Failure to hold $3,150 exposes the $3,080–$3,100 liquidity zone as the next major downside target.

Ethereum price today trades near $3,255, slipping further after losing the key support at $3,400. The rejection at the descending trendline and continued pressure from short term holders have shifted control to sellers. ETF inflows have provided temporary relief, but spot outflows and falling open interest show that conviction from buyers remains weak.

Sellers Take Control After Trendline Rejection

The daily chart highlights the turning point. Ethereum failed to break above the descending trendline tha…

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