ETH ETF Momentum Sets the Tone

[PipsFlowX]

Market conditions are heating up, and the timing couldn’t be better for traders competing in the #BingX Weekly Featured Trading Championship Phase II.

This week, U.S. spot Ethereum ETFs posted net inflows of +$208.94M, despite a short-lived -$19.4M outflow on December 12 and a pullback in ETH price from $3,269 to $3,038. That kind of strength during a dip is exactly the type of signal traders watch closely.

Even after the retracement, $ETH remains firmly above the $3,000 level, currently trading around $3,100. The next key challenge sits in the $3,200–$3,400 resistance zone a decisive area that could shape ETH’s near-term direction.

This is the kind of volatility that makes the BingX Trading Championship so compelling. Fast-moving markets, real pressure, and traders forced to adapt in real time this is where solid strategies separate themselves from the rest.

With ETF flows staying positive and ETH hovering near critical levels, all eyes are on how traders respond. Are you positioning for a breakout, fading resistance, or waiting patiently for confirmation?