Ethereum Price Prediction: ETH Maintains Uptrend as Derivatives Activity Stabilizes

Ethereum is extending its recovery on the 4-hour chart as buyers continue to defend key short-term support zones. After rebounding from the late-December low near $2,770, ETH has formed a clear sequence of higher highs and higher lows. Consequently, short-term momentum remains constructive, even as price approaches an area where selling pressure could increase.

Ethereum is trading above its 20-period and 50-period exponential moving averages on the 4-hour chart. Additionally, the 100-EMA and 200-EMA near the $3,070 region continue to act as a critical structural base. This confluence supports the broader bullish structure and limits downside risk for now.

However, price is moving into a dense resistance cluster. The $3,227 to $3,250 zone marks a recent swing high, where sellers previously stepped in.

Moreover, the 0.786 Fibonacci retracement near $3,305 stands as a key technical hurdle. A clean break above this level could open room toward the $3,450 region.

On the downside, immediate support rests near $3,191, aligned with the 0.618 Fibonacci retracement. Further weakness could pull ETH toward the $3,130 area, where the Supertrend and 50-EMA intersect. A loss of the $3,070 level would weaken the bullish bias and expose $2,950 next.

Ethereum futures open interest continues to reflect long-term participation growth, although recent behavior shows moderation. Open interest expanded aggressively during major rallies in 2024 and early 2025, peaking near $60 billion. However, corrections reduced leverage without triggering a full unwind.

Significantly, open interest now holds above $40 billion as price consolidates near $3,300. This pattern suggests traders are repositioning rather than exiting. Consequently, leverage risk appears lower, while the market prepares for a potential volatility expansion.

Inflows supported earlier rallies toward the $4,000 to $4,800 range, yet those moves lacked durability. Moreover, sustained outflows have dominated since September, aligning with repeated price pullbacks.

Additionally, recent net outflows exceeding $100 million highlight ongoing distribution. Even during short-term rebounds, selling pressure persisted. Hence, spot participants appear selective, waiting for clearer confirmation before increasing exposure at current Ethereum price levels.

Key levels remain well-defined for Ethereum as price consolidates above critical support on the short-term charts.

Upside levels sit at $3,227–$3,250 as the first resistance zone, followed by $3,305 at the 0.786 Fibonacci retracement. A confirmed breakout above this cluster could open the path toward $3,450.

On the downside, $3,191 serves as the first pullback support, with $3,130 acting as a key confluence zone. The major support level remains $3,070, where the 100-EMA and 200-EMA align.

The technical structure suggests Ethereum is holding within a controlled bullish trend rather than a compression pattern. Momentum indicators remain constructive, yet price is nearing areas where profit-taking often appears.

The near-term ETH price outlook depends on whether buyers can defend $3,070 and absorb selling near $3,250. Sustained strength could drive a continuation toward $3,305 and $3,450.

However, a loss of $3,070 would weaken the bullish bias and expose $2,950–$2,900. Ethereum now trades in a decisive zone, where confirmation will shape the next directional move.