Ethereum's price could remain stuck between key psychological levels as it has struggled to maintain a position above $4,000. Analyst Rekt Capital mentioned that while ETH has briefly exceeded $4,000 several times, it hasn't sustained this price point. He noted that $3,000 has emerged as a new psychological support level for ETH, which it last reached on November 9. Rekt implied that there is a possibility for a dip below its current price of $3,466, potentially nearing $3,000. He suggested this could create an inverse head and shoulders pattern, indicating a potential recovery. Furthermore, factors like diminishing Ether supply on exchanges and rising inflows into spot Ether exchange-traded funds (ETFs) may contribute to future price movements. Since the launch of spot Ether ETFs in July, inflows have reportedly reached about $2.43 billion, though initial expectations for Ether to reach $5,000 by year-end appear less likely due to weak initial inflows. Analysts remain hopeful that the momentum from spot Ether ETFs will continue to grow, particularly if they can generate staking yields.

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