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Ethereum Price Nears $3K as ETH ETF Inflows and Options Skew Turn Bullish

  • Ethereum sees potential bullish momentum with rising institutional interest, options activity, and ETF inflows signaling a move past $2,800 resistance.
  • Options skew shifts as traders hedge upside exposure, with increased demand for short-dated calls for potential price rally.
  • Institutional accumulation evident with over $1 billion inflows in Ethereum ETFs over the past weeks.
  • Market split on near-term outlook as puts dominate under $2,700 while bullish signals emerge.
  • Price testing $2,800 resistance with momentum slowing and uncertain market volume.
  • ETH faces rejection near $2,800, with indicators showing bearish momentum and no confirmed breakout.
  • Despite resistance, bounce from bullish order block suggests potential for large price rallies if ceiling breaks.
  • ETH trades at $2,854.70, up 3.98% in the past 24 hours with weekly gains of 7.06%.
  • Trading volume drops 6%, indicating market consolidation ahead of clearer signals from options market and ETF demand.

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