Citing TheMarketPeriodical, Ethereum ETH faced a sharp rejection at $3,400 on Tuesday, with analysts now closely monitoring the $3,000–$3,100 support zone. Despite the pullback, spot ETH ETF inflows remained strong, with BlackRock buying $56.5 million in ETH. On-chain indicators suggest weakening sell pressure, and traders are watching whether Ethereum can hold the key support level or slide further.
Ethereum ETH Faces Sharp Rejection at $3,400 as Analysts Watch $3,000 Support
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Summary
Ethereum ETH price faced sharp rejection at $3,400 on Tuesday, with the $3,000–$3,100 support level now in focus. Despite the pullback, ETH ETF inflows stayed strong, with BlackRock buying $56.5 million in ETH. On-chain data shows easing selling pressure, and traders are watching if the ETH price can hold the key support level or break lower.
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