Ethereum price is trading around $3,105 today, remaining within the tightening triangle that has guided the price movement since July. The market is at its peak and its next move will be decisive. Sellers remain aggressive along the downtrend line, while buyers continue to defend the long-term base near $3,000.
Whale activity and ETF flows change sentiment
Whales who were short before the October 10 crash have further increased their long positions in $ETH.
Current position value: $218,187,000
Liquidation price: $2,117He currently has $3,377,000 in unrealized gains from his long Ethereum positions. pic.twitter.com/0Gmzyp2o72
— Ted (@TedPillows) December 9, 2025
Major whales who were short before the October 10 crash have aggressively added long positions, and currently hold $218.18 million in ETH. His liquidation amount is $2,117, so there is plenty of room to reduce volatility. The current unrealized gain is $3.37 million, indicating conviction rather than short-term gain. This action is increasing sentiment as this same profile is correctly positioned ahead of the previous big move.
Yesterday’s $ETH ETF inflow was $35,500,000🟢.
BlackRock purchased $23.7 million in Ethereum. pic.twitter.com/0XaKi3o3te
— Ted (@TedPillows) December 9, 2025
ETF demand also flipped the story. According to the latest data, the ETH ETF saw $35.5 million in inflows on December 8th. BlackRock alone purchased $23.7 million worth of Ethereum. This is the strongest daily inflow in over a week and provides support for concerns about why Ethereum prices fell earlier this month.
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Trend line pressure increases as price compresses
ETH price fluctuation (Source: TradingView)
Ethereum price continues to follow a very clean downward trend line from the September high. Any rally to this line has failed and today’s rejection zone is around $3,170 to $3,200. A breakout of this band is the most important bullish trigger in the short term.
Below, support between $3,000 and $3,030 remains a line that the market refuses to lose. Wick tests into this area were quickly bought, but follow-through was weak. This indicates that buyers are defending the structure but lack momentum.
With only a few days left until the top of the triangle, decisive moves are expected. If the market clears $3,200, momentum could move toward $3,380 and the 100 EMA matching $3,510. If a breakdown occurs, the next levels will be $2,950 and $2,820.
Short-term Ethereum price trend shows mixed signals
ETH price dynamics (Source: TradingView)
The 30-minute chart shows that Ethereum price is struggling below the $3,147 supertrend resistance and has repeatedly failed to build upward momentum. Parabolic SAR turned bearish again, indicating that buyers have lost short-term control. This is consistent with the broader theme of hesitation preceding a breakout.
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Despite this, the structure remains intact. The intraday chart continues to hold lows, suggesting that bullish buying remains active. The mixed signals highlight the compression situation traders are currently dealing with.
For now, volatility has been contained. However, this kind of quiet action usually takes place before Ethereum price makes a big move towards a big event.
Technical forecast table
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