Ethereum's price encountered resistance at $3,350, with $112 million in outflows recorded on December 11. Currently trading near the 0.618 Fibonacci level at $3,195, Ethereum's technical indicators show a bearish Supertrend and an RSI in the 30s. A price rebound requires a close above $3,260, while a decline below $3,175 could lead to testing support at $3,084 and $2,973. On-chain data reveals a whale sold $132 million in Bitcoin to purchase $140 million in Ethereum, suggesting potential buying interest at current support levels.