Ethereum Dips to $3108 Despite Strong $340M ETF Inflows – Neutral Signals Flash, Buy-the-Dip Targets $3600

ETHUSD trades weakly following the footsteps of BTC. It hits an intraday low of  $3086 and is currently trading $3108.

US spot Ethereum ETFs have recorded significant net inflows in the first few days of the week of 5, 8 January 2026, after reversing the previous outflows, with a net inflow of nearly $340 million as of January 5.

On January 2, the ETFs drew $174. 5 million, mainly as a result of Grayscale's ETHE, while on January 5, there was an additional $165 million in inflows led by BlackRock's ETHA, which contributed $100.23 million together with the strong performance of Fidelity's FETH, thus signaling a renewed institutional interest in Ethereum exposure, supported by an improving market sentiment.

Oscillators and moving averages to forecast the trend of ETHUSD

CMP- $3108

EMA (4-hour chart)

55-EMA- $3121

200-EMA- $3074

365-EMA- $3174. The pair trades below the short and above the 200 and below the 365 -4H EMA.

Major Support - $2900. Any breach below $2900 will drag the pair down to $2600/$2500/$2300/$2000.

Major Resistance - $3300.  Any break above $3300 confirms minor bullishness, a jump to $3458/$3565/$3700/$4000.

Indicators (4-hour chart)

CCI(50)- Neutral

ADX-  Neutral

5. Investment Strategy for ETHUSD

It is good to buy on dips around $3000 with a stop loss around $2770 for target profits of $3540/$3600.