Ethereum News Today: ETH Rebounds 4% But Analysts Maintain Cautious Stance

Key TakeawaysEthereum price rebounds 4% after holding an uptrend lineEther ETF outflows reach $533.1M over five daysAnalysts warn of downside risk if $2,800 support failsETH Rebounds Then Faces Immediate ResistanceEther bounced from its rising trend line on Tuesday but failed to extend gains beyond the 20-day exponential moving average at $3,066. The rejection highlights ongoing selling pressure near short-term resistance.ETH now trades near $2,960, roughly 42% below its all-time high of $4,950. Market participants view the rebound as corrective rather than trend-defining. Technical Structure Keeps Downside Risks in FocusAnalysts note that bears are attempting to push ETH below the uptrend line. A sustained break could expose the $2,716 level, followed by $2,623, according to chart analysis.On the upside, Ether would need to reclaim $3,350 to signal a potential trend shift. That scenario could open paths toward $3,659 and $3,918, though confidence remains low without stronger volume. ETF Outflows and De-Risking Pressure SentimentInstitutional positioning continues to soften. U.S.-based spot Ether ETFs recorded five consecutive days of outflows totaling $533.1 million, cutting AUM to $17.34 billion.Source: Farside InvestmentsCryptoQuant analysts describe the trend as de-risking, with investors rotating away amid volatility. Treasury demand also cooled, with daily corporate ETH purchases falling from 78,010 ETH in August to 12,095 ETH recently. BitMine Accumulation Adds a Mixed SignalAgainst the cautious backdrop, BitMine disclosed holdings of 3,864,951 ETH, representing over 3.2% of ETH supply, after adding 138,452 ETH in a single week. The firm frames the strategy around long-term catalysts like the Fusaka upgrade and future staking initiatives.Interpretations vary. Some view the move as high-conviction institutional interest, while others see concentration risk sensitive to liquidity and flows. ETH utlook: Key Levels to WatchAnalysts warn that a loss of $2,800 support could accelerate downside toward $2,100, where on-chain data shows roughly 2.1 million ETH previously accumulated. This level is widely cited as the next major demand zone.While prediction markets assign only an 11% probability of ETH falling to $2,000–$2,200 by end-2025, longer-term risks persist. For now, Ethereum news suggests a fragile recovery, with ETH price forecast hinging on ETF flows, macro sentiment, and the ability to reclaim key resistance levels.