Spot Ethereum exchange-traded funds recorded $5.04 million in net inflows on Jan. 12, snapping a three-day outflow streak and providing a modest tailwind for ETH as the cryptocurrency tests a key resistance level near $3,150 on the 4-hour chart.
What Happened: ETF Flows Turn Positive
Data from SoSoValue shows that while Grayscale's ETHE and ETH products led the rebound with $50.7 million and $29.3 million in inflows respectively, BlackRock's ETHA fund saw $79.9 million in outflows.
21Shares added $5 million. Fidelity, Bitwise, VanEck, Invesco, and Franklin Templeton reported zero flows for the day.
Cumulative net inflows into Ethereum ETFs now stand at $12.44 billion, with total net assets reaching $18.88 billion — representing more than 5% of Ethereum's market capitalization.
Bitcoin spot ETFs also turned positive with $117 million in inflows after four consecutive days of outflows. Solana spot ETFs drew $10.67 million, while XRP products recorded $15.04 million.
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Why It Matters: Technical Levels in Focus
The positive ETF flows arrive as Ethereum holds above a multi-week ascending trendline support, with the Relative Strength Index hovering near 50 — a level that leaves momentum uncertain.
Traders are watching for a decisive close above the $3,150 resistance, which would need confirmation through a successful retest before targeting the $3,223 to $3,296 supply zone.
Volume profiles at current levels near $3,134 show significant opposing forces, with bearish nodes slightly outnumbering bullish ones. A breakdown below the ascending trendline support could push ETH back toward $3,058, levels last tested on Jan. 9.