ETH slips below $3K as spot ETH ETFs log fourth straight day of net outflows

Ether has traded ~ $3,000 for three weeks, bounded by resistance near the 50‑day EMA (~$3,260) and support at the $2,800–$2,600 demand zone (200‑week EMA). On‑chain and market signals show weak futures demand (3% premium), a 30‑day decline of 847,222 ETH in long‑term holder supply, and 30‑day network fees down 45%. Technicals show a validated bear flag with a measured target near $2,300 and a megaphone pattern implying a deeper correction (~$2,376) if $2,800 support breaks; shortfalls could see ETH revisit $2,716–$2,623.
AI Analysis
Price stuck near $3,000 between 50‑day EMA resistance (~$3,260) and $2,800–$2,600 support; futures show only a 3% premium (weak leveraged demand); long‑term holder supply fell by 847,222 ETH over 30 days; 30‑day network fees declined 45%; technical patterns include a validated bear flag (target ~ $2,300) and a megaphone pattern projecting a deeper correction if $2,800 breaks — all facts from the summary.