Ethereum is trying to settle above the $3,100 level after failing to break the $3,400 resistance level as the broader cryptocurrency market tries to regain momentum. While bulls managed to defend key support in recent sessions, price action remains feeble and highly reactive, with sellers still emerging on the upside. ETH is stuck in a narrow range and investors are closely watching whether this pullback turns into a deeper correction or simply a reset before another move higher.
The Arab Chain report highlights that Binance data signals a sensitive stage for Ethereum in early 2026. According to the analysis, ETH is trading near the $3,200 zone, but market flow conditions are still tilted towards the downside.
The cumulative order flow rate (CVD) is around -3,676, suggesting that net selling pressure continues to dominate near-term activity. Put simply, more aggressive sell orders than buy orders enter the market, even when the price is trying to maintain recent levels.
This discrepancy between price stabilization and negative flow reflects a market that is not collapsing but is not yet attracting much demand. With Ethereum defending support, the next test will be whether buyers can reclaim $3,300 and challenge the $3,400 ceiling again, or if weakness drags the price back towards deeper support zones.
Ethereum Holds Despite Binance’s Negative Order Flow
Arab Chain notes that while Ethereum’s CVD remains negative, the link between price and liquidity flows is not completely broken. According to the report, the 30-day correlation between ETH price and CVD is close to 0.62, which is a relatively constructive reading. This pattern suggests partly this price action equalizes maintaining volume, even though there is currently liquidity tilts towards a sale, not a recent purchase.
In other words, Ethereum doesn’t operate in a vacuum – flows still matter – and the market reacts in a way that reflects real positioning.
From a broader perspective, ETH’s gradual decline to current levels signals a correction phase following the previous keen rise. Historically, this is the type of environment in which short-term investors take profits and reduce exposure while larger players begin to rebalance portfolios and slowly rebuild positions. Instead of an immediate trend reversal, the market often turns into sideways price action as both sides test liquidity.
The key point is that CVD remains negative, meaning demand has not yet become huge enough to reverse the short-term flow pattern. However, Ethereum’s ability to stay above $3,000 indicates underlying support that is limiting any decline acceleration.
This mismatch – delicate dynamics of volume flows but stable price behavior – often precedes calmer periods of consolidation, which can later create the basis for stronger growth once liquidity conditions improve.
EETH Bulls are fighting to recover $3,100
Ethereum is trying to stabilize above the $3,100 level after a keen rejection from the $3,400 supply zone, and the price is currently near $3,111. The chart shows that ETH is still recovering from the broader downtrend that began after the November crash, but its structure remains volatile as sellers continue to defend any attempt to break higher.
From a technical perspective, the $3,300-$3,400 region stands out as a key resistance cluster. Price has failed repeatedly in this area, and the latest rejection confirms that it remains a mainstream distribution tier. At the same time, Ethereum remains above its short-term moving average near $3,050-$3,100. Suggesting that buyers are still busy and defending the current range.
However, ETH remains capped below the medium-term moving averages, which are trending down and acting as lively resistance. This keeps the market in a “downtrend recovery” phase unless the bulls manage to turn these levels back into support. The volume also remained relatively muted on the bounce, signaling that the move still lacks aggressive follow-through.
Ethereum seems to be stuck in consolidation. With $3,000 as the lower critical level and $3,400 as the breakout trigger needed to change market sentiment.
Featured image from ChatGPT, chart from TradingView.com
