Ethereum Market Structure Compresses as Price Coils Within Bullish Pattern

Ethereum remains inside a narrowing formation as traders track compression near crucial trend levels on the 4-hour chart.

ETF inflows into Ethereum soften near-term pressure, while Bitcoin spot products record continued outflows.

Price trades near $3,117 as the market forms a controlled pullback supported by a higher-low structure on the chart.

Ethereum trades in a narrowing band where the market activity is cooling and ETF flows are moving away, which forms a controlled structure that forms the short-term direction.

Bullish Pennant Structure Takes Shape on the 4-Hour Chart

Ethereum forms a clear bullish pennant following an impulsive rally earlier in the week. The vertical move created the pole that established strong upward momentum before price shifted into consolidation. The pattern developed as highs pressed into a descending line while lows lifted from support.

A post from Trader Tardigrade described how the formation built symmetrical compression. The support zone near $3,050–$3,070 held repeated tests as buyers returned to defend the region. Each bounce formed a higher low, preserving the structure. Price now trades near the center of the formation as it approaches a decision level.

Short-Term Volatility Produces Choppy Movement Across the Session

The 24-hour chart shows a series of abrupt swings as Ethereum reacted to intraday resistance. Price rejected the $3,140–$3,150 zone before falling into a temporary base. It then moved through a period of lower highs and lower lows, reflecting cautious trading conditions. Ethereum now trades near $3,117 after a mild 0.73% pullback.

Source: coinmarketcap

Volume fell by 19%, showing reduced participation during the session. Lower activity supported the downward drift while keeping the broader structure stable. The market cap near $376 billion and a 5.8% vol-to-cap ratio show a slower environment. Despite the movement, the chart maintains a controlled rhythm without breakdown signals.

ETF Flow Behavior Adds Important Context to Market Tone

A social update reported $35.5 million in Ethereum spot ETF inflows while Bitcoin spot ETFs recorded $60.40 million in outflows. This split created a supportive backdrop for Ethereum during the session. The inflows helped cushion selling pressure while the market moved through consolidation.

This behavior aligned with the stable higher-low pattern visible on the 4-hour chart. The upper boundary near $3,140–$3,160 now serves as the level traders watch for a breakout attempt. A move above that zone may signal continuation if volume returns. Until then, Ethereum remains inside a controlled pattern as compression continues.

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