Ethereum hovers near $3,200 as ETF inflows resume; bulls must defend $3,100–$3,180 demand zone to target ~$3,900

Ethereum has outperformed Bitcoin and many altcoins ahead of the U.S. FOMC decision. Large holders (whales) and institutional/corporate investors have been accumulating ETH, U.S. spot Ethereum ETFs returned to net inflows, and some traders opened leveraged positions. Analysts say a clean break above key resistance is required to target $4,000; a rejection could trigger a leveraged-long squeeze and pullback. Market participants are watching flows, volumes and December seasonality.
AI Analysis
Summary states ETH is outperforming while whales and institutional investors accumulate; U.S. spot ETH ETFs flipped to net inflows and traders opened leveraged positions; analysts warn a clean break above resistance is needed to target $4,000 and rejection could cause a leveraged-long squeeze — facts that support a moderately bullish, market-moving outlook.