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Bitcoin, Ethereum, and other digital assets have witnessed a sharp retrace during the last 24 hours, which has resulted in a long squeeze on derivatives exchanges. Crypto Long Liquidations Have Neared $600 Million During The Past Day According to data from CoinGlass, the latest sharp price action in the cryptocurrency market has accompanied a huge amount of liquidations over at the derivatives side of the sector. Related Reading: US Bitcoin Session Leads December Returns After Weak November “Liquidation” here naturally refers to the forceful closure that any open contract has to undergo after it has amassed losses of a certain degree. For long investors, this happens when the asset’s price drops, while for shorts, liquidation occurs after a surge. How much the cryptocurrency will have to move in one direction to liquidate a specific position comes down to the percentage threshold defined by the platform and the amount of leverage that the trader has opted for. During sharp price swings, positions with high amounts of leverage attached are the first to go. Bitcoin and other assets have faced some notable volatility during the past day, which has once again caught out traders on the derivatives market. As the table below shows, liquidations have crossed $650 million over the last 24 hours. About $584 million of these liquidations involved long positions alone. That’s equivalent to almost 90% of the total, showcasing how disproportionate the price volatility has been during this period. In terms of the individual symbols, the largest contributor to the liquidation event has been Ethereum, not Bitcoin, as is often the case. With over $235 million in contracts involved, Ethereum has notably outpaced Bitcoin, which has witnessed $186 million in liquidations. ETH facing more liquidations is likely due to the fact that its price drawdown has been stronger during the past day. Out of the altcoins, Solana has come out on top with $37 million in positions flushed, ahead of XRP ($16 million) and Dogecoin ($12 million). Interestingly, SOL has outperformed the two despite its losses being more limited. In some other news, the latest Bitcoin decline has meant that its price has fallen back under a key on-chain price level, as the chart shared by analytics firm Glassnode shows. The level in question is the Active Realized Price, corresponding to the cost basis of the active participants on the Bitcoin network. Currently, it’s located at $87,900, which is above the cryptocurrency’s spot price. Related Reading: Cardano SuperTrend Turns Bearish—Last Signal Preceded 80% ADA Drop Thus, it would appear that the latest dip has put the active investors as a whole into a state of net unrealized loss. Bitcoin Price At the time of writing, Bitcoin is floating around $87,200, down more than 3% over the last seven days. Featured image from Dall-E, Glassnode.com, CoinGlass.com, chart from TradingView.com

In a significant milestone for the evolution of on-chain finance, a new money market fund has selected Ethereum as its primary settlement layer toward blockchain-native infrastructure for traditional financial products. This decision reflects growing confidence in ETH security, scalability, ecosystem maturity, and qualities that institutional investors and asset managers increasingly demand when moving regulated financial instruments onto public blockchains. How The New On-Chain Settlement Improves Operational Efficiency The largest money whale in institutional finance just made its biggest move by launching a new money market fund on Ethereum, and it’s coming from J.P. Morgan Asset Management. According to an analyst known as Milk Road on X, the company oversees roughly $4 trillion in client assets, and seeds these funds with $100 million of its own capital before opening them up to the public. This fund is called My On-Chain Net Yield Fund (MONY), which is similar to a normal money market fund. Related Reading: Ethereum Emerges As A Dollar Settlement Powerhouse, Outpacing Traditional Payment Networks – Details It is set to hold assets designed to preserve capital and remain liquid. A key difference between the fund and others is that shares are issued and tracked on ETH using JPMorgan’s Kinexys platform. The feature allows the fund to settle faster, issue and redeem shares continuously, and transfer ownership without waiting on the traditional clearing system. Furthermore, this product is limited to large investors, individuals with at least $5 million investments, and institutions with $25 million, including a $1 million minimum to get started. The risk profile and purpose are familiar, and it’s a safe yield for investors.  Meanwhile, for JPMorgan, this is a major operational upgrade offering faster cash transactions, tighter integration with treasury systems, and smoother collateral movement. Larger asset managers are starting by moving the safest, most conservative products on-chain first, because that’s where efficiency gains would show up immediately. “Adoption is accelerating,” Milk Road noted. Why Ethereum Is More Than Just Technology According to AdrianoFeria, the world’s greatest misunderstanding of Ethereum is viewing it solely as a technology. AdrianoFeria has pointed out that ETH is a network of economic actors coordinating around shared rules. It is also a social contract and a system that is designed to enable collaboration in the most adverse situations.  Related Reading: Here’s Why Ethereum Emerges As The Global Capital Rails For On-Chain Finance At the core, ETH functions as a global and neutral arbitrator. Over time, it has proven itself to be the most long-standing, reliable, and trustworthy neutral arbitrator in the world. This arbitrator is the most valuable aspect of ETH, and any valuable model must account for it to have a chance of estimating realistic ETH price targets. “If you are stuck with a cash flow-centric valuation for ETH, then it is time to sit down and study the system more deeply, and if you believe cash flow explains most of ETH’s value, you haven’t dug deep enough,” the expert mentioned. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum price started a fresh decline below $3,000. ETH is now consolidating and might soon aim to start a recovery wave if it clears $3,025. Ethereum started a fresh decline below the $3,050 zone. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,900 zone. Ethereum Price Starts Consolidation Ethereum price failed to stay above $3,050 and started a fresh decline, like Bitcoin. ETH price dipped below $3,020 and $3,000 to enter a bearish zone. The bears even pushed the price below $2,920. A low was formed at $2,875 and the price is now consolidating losses. There was a minor recovery toward the 23.6% Fib retracement level of the downward move from the $3,175 swing high to the $2,875 low. Ethereum price is now trading below $3,000 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $3,110 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $2,975 level. The next key resistance is near the $3,025 level and the 50% Fib retracement level of the downward move from the $3,175 swing high to the $2,875 low. The first major resistance is near the $3,050 level. A clear move above the $3,050 resistance might send the price toward the $3,110 resistance and the trend line. An upside break above the $3,110 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,250 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,025 resistance, it could start a fresh decline. Initial support on the downside is near the $2,920 level. The first major support sits near the $2,900 zone. A clear move below the $2,900 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,800 region. The next key support sits at $2,765. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 zone. Major Support Level – $2,920 Major Resistance Level – $3,025

Ethereum’s price action has weakened further over the past 24 hours, with the cryptocurrency falling below $3,000 and shedding about 6.8% in the last 24 hours alone.  The immediate price action points to reclaiming this $3,000 support, but a longer-term technical view suggests the current decline may be part of a much larger and more defined price framework. A macro analysis shared by crypto analyst Dona examines Ethereum’s behavior over the past two years with a structured range that suggests that the cryptocurrency might bottom at $2,187. Ethereum’s Two-Year Range Still Defines The Bigger Picture According to the analysis, Ethereum has largely traded within a broad horizontal range for close to two years, aside from two notable fakeouts: one below resistance in the first half of 2025 and one above resistance in the second half of the year, which led to a new price high of $4,946 in August. On the weekly timeframe, price has repeatedly respected an upper boundary around $4,000 to $4,100, while finding consistent demand near the lower range support just above $2,100. Related Reading: Industry Leader Shares Why Ethereum Price Will Reach $12,000 This price action has resulted in a structure that resembles an inverse head and shoulders pattern on a macro scale. Instead of signaling immediate upside, however, the formation shows how price has oscillated between these defined trendlines, with mid-range reactions often determining whether Ethereum pushes to resistance or slips back toward support.  At the time of writing, Ethereum is trading within the mid-range of the two-year range. Based on this context, the recent bearish move can be viewed less as a breakdown and more as a rotation towards the lower trendline within the same long-standing range. Why $2,187 Stands Out As A Critical Downside Target The chart accompanying the analysis places particular emphasis on the lower boundary of the range near $2,187. This level has repeatedly acted as a bounce floor during prior downtrends in 2024 and another one in July 2025. Related Reading: What’s Happening With The Bitcoin, Ethereum, And Dogecoin Prices Recently? If Ethereum continues to trade below the mid-range support currently around $3,000, then the price could follow a familiar range rotation path toward this lower boundary. This move will see Ethereum fall to as low as $2,187.  At the time of writing, Ethereum is trading at $2,928, and is still a 25% decline away from $2,187. Although this would be tragic for bullish traders, such a move would not necessarily invalidate the broader structure. Instead, it will complete another cycle within the range, similar to previous declines that eventually transitioned into a bounce for a rally phase. One of the more notable aspects of the outlook from Dona is the expectation for subdued activity in the near term. Aside from range-bound trades, taking directional positions may be less attractive as liquidity thins into the end of the year. From this perspective, the next major move is more likely to arrive in January 2026. Featured image from Freepik, chart from Tradingview.com

Ethereum price started a fresh decline below $3,000. ETH is now consolidating and might soon aim to start a recovery wave above $2,980. Ethereum started a fresh decline from the $3,175 zone. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,920 zone. Ethereum Price Dips 5% Ethereum price failed to stay above $3,150 and started a fresh decline, like Bitcoin. ETH price dipped below $3,120 and $3,050 to enter a bearish zone. The bears even pushed the price below $3,000. A low was formed at $2,916 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $3,175 swing high to the $2,916 low. Ethereum price is now trading below $3,000 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $2,980 level. The next key resistance is near the $3,050 level and the 50% Fib retracement level of the downward move from the $3,175 swing high to the $2,916 low. The first major resistance is near the $3,080 level. A clear move above the $3,080 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,175 resistance zone or even $3,200 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,980 resistance, it could start a fresh decline. Initial support on the downside is near the $2,950 level. The first major support sits near the $2,920 zone. A clear move below the $2,920 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,840 region. The next key support sits at $2,800. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,920 Major Resistance Level – $3,080

What looks like underperformance reflects a structural shift: ETF flows now smooth volatility rather than amplify crypto rallies.

Ethereum (ETH) is currently consolidating in a tight range following its recent selloff, demonstrating resilience by holding above key support zones. However, the price remains firmly capped by a descending trendline and structural resistance around the $3,400 level. While buyers defend the vital $2,905 low, the trend remains sideways until ETH can achieve a decisive close above the descending resistance to initiate the next major rally. ETH Attempts To Stabilize After The Selloff According to a daily update from CyrilXBT, Ethereum is attempting to form a base following its recent selloff, but the price remains capped below the 50-day EMA around $3,281. This level continues to act as a key barrier, keeping ETH from confirming a stronger recovery for now. Related Reading: Ethereum Price Drifts Lower—Is $3,000 About to Be the Battleground? At the time of the update, ETH was trading near $3,131. On the downside, initial support sits around $3,050, while a broader demand zone between $2,750 and $2,900 remains the more significant area where buyers are expected to step in if selling pressure returns. On the upside, resistance is concentrated between $3,280 and $3,300, aligning closely with the 50-day EMA, which represents a clear “prove-it” level. Looking ahead, a clean break and sustained hold above $3,300 could open the door for a move back toward the $3,500 area and beyond. However, failure to reclaim this resistance would likely lead to choppy price action, with a possible retest of the $3,000 level and even a revisit of the $2,800 zone. Ethereum Trades Below Descending Trendline Resistance Crypto analyst Kamile Uray revealed that ETH is currently confined, moving persistently under a blue descending trendline. This trendline is acting as a significant diagonal resistance barrier, limiting the extent of ETH’s bullish bounces and keeping the short-term pressure tilted downward. Related Reading: Ethereum Price Cooling Off: Healthy Consolidation or Momentum Fading? Despite this overhead resistance, the analyst identified a critical support structure. Uray noted that the possibility of the upward movement continuing remains valid as long as the price stays above the rising black trendline and above the low established at $2,905. This confluence of support is crucial for maintaining the market’s current bullish bias. If the blue descending trendline resistance is decisively broken, the subsequent rally is expected to target a series of higher resistance levels: $3,661, then $3,878, and finally $4,292. Kamile Uray synthesized the condition for the breakout, stating that the descending trendline will approximately be broken if ETH manages to achieve a daily close above the $3,400 level. Meanwhile, the key condition for expecting a continued upward movement is a close above $3,400 combined with the price successfully avoiding a close below the critical $2,905 low. Featured image from Getty Images, chart from Tradingview.com

Ethereum (ETH) has entered another period of tight price compression, a phase that has left traders split between expectations of a renewed rally and concerns about a deeper correction. Related Reading: Dogecoin Holds Demand Zone Above $0.13, What A Bounce Would Do As of December 15, the Ethereum price trades near the $3,100 level, drifting sideways after several failed attempts to reclaim higher resistance zones. The narrowing range reflects hesitation across the market, with declining volumes, mixed technical signals, and contrasting institutional activity. Despite modest intraday fluctuations, Ethereum’s broader structure shows a market waiting for direction. Trading activity has slowed compared to earlier in the year, suggesting reduced speculative participation rather than heavy distribution. ETH's price trends sideways on the daily chart. Source: ETHUSD on Tradingview The Ethereum Price Key Levels Define the Short-Term Outlook Support near the $3,020–$3,000 zone remains critical. This area has been tested multiple times and continues to act as a floor for price action. A sustained break below it would likely expose the Ethereum price to a deeper pullback, with some analysts pointing to demand zones closer to $2,900 or even the $2,600–$2,500 range if downside momentum accelerates. On the upside, resistance between $3,150 and $3,400 continues to cap recovery attempts. Ethereum remains below major moving averages and a descending trendline that has guided price action since November. Analysts note that a daily close above this resistance band, supported by rising volume, would be required to shift the current corrective bias and signal a trend change. Diverging Technical Signals Add to Uncertainty Technical interpretations remain mixed. Elliott Wave analysts argue Ethereum may be approaching a potential Wave 3 phase, which historically has coincided with strong upward moves. However, others highlight the lack of demand strength and repeated rejections near resistance as signs that upside moves remain corrective rather than impulsive. On-chain data adds another layer of complexity. Liquidation heatmaps reveal dense clusters above current prices, particularly in the $3,400–$3,700 range, suggesting a potential magnet for price if momentum builds. At the same time, thinner liquidity below current levels implies that a downside sweep could occur before any sustained rally develops. Institutional Flows Contrast With Price Stagnation While the Ethereum price action remains compressed, institutional involvement continues to grow. U.S. spot Ethereum ETFs recorded roughly $209 million in net inflows during the past week, led by BlackRock’s ETHA. Separately, BitMine Immersion Technologies has continued accumulating Ether, now holding a sizable share of the circulating supply as part of a long-term treasury strategy. Related Reading: Dogecoin (DOGE) Slides Deeper Into Red—Is a Bottom in Sight? This contrast between steady institutional accumulation and cautious market pricing underscores the current stalemate. For now, Ethereum remains caught between strong long-term narratives and unresolved short-term technical pressure, with a clear breakout or breakdown likely to determine sentiment in the weeks ahead. Cover image from ChatGPT, ETHUSD chart from Tradingview

Ethereum price started a fresh decline below $3,120. ETH is now consolidating and might soon aim to start a recovery wave above $3,200. Ethereum started a downside correction from the $3,250 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,175 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,050 zone. Ethereum Price Dips Toward Support Ethereum price failed to stay above $3,180 and started a fresh decline, like Bitcoin. ETH price dipped below $3,150 and $3,120 to enter a short-term bearish zone. The bears even pushed the price toward $3,000. A low was formed at $3,026 and the price is now attempting to recover some losses. There was a move above the 23.6% Fib retracement level of the downward move from the $3,273 swing high to the $3,026 low. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $3,175 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $3,150 level or the 50% Fib retracement level of the downward move from the $3,273 swing high to the $3,026 low. The next key resistance is near the $3,180 level and the trend line. The first major resistance is near the $3,200 level. A clear move above the $3,200 resistance might send the price toward the $3,250 resistance. An upside break above the $3,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,320 resistance zone or even $3,400 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,200 resistance, it could start a fresh decline. Initial support on the downside is near the $3,080 level. The first major support sits near the $3,050 zone. A clear move below the $3,050 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 region. The next key support sits at $2,940. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,080 Major Resistance Level – $3,200

FlowDesk sees fading post-Fed demand and low leverage, while Glassnode data show digital asset treasuries quietly resuming bitcoin accumulation in a range-bound market.

A recent technical analysis shared on X by crypto analyst Merlijn The Trader presents Ethereum’s price action on the 2-day candlestick chart as a textbook example of Wyckoff accumulation. In his assessment, Ethereum has already moved through several key stages of the model and is now approaching a powerful expansion phase, provided the structure stays intact. Related Reading: American Bitcoin Makes Big Buy, Adds 416 BTC To Its Stack Wyckoff Accumulation Structure Taking Shape On Ethereum Chart Over the past several days, Ethereum has traded between roughly $3,050 and $3,400, repeatedly failing to secure a sustained move beyond either boundary. At the time of writing, Ethereum’s price action is trading around $3,100. This prolonged standoff has reinforced the view that Ethereum has returned to consolidating rather than trading in a defined trend, a behavior that aligns closely with the accumulation phase highlighted in a technical analysis by Merlijn The Trader. In his post, Merlijn described Ethereum’s chart as a “Wyckoff masterclass,” pointing to a sequence of events that align with textbook behavior from the Wyckoff accumulation schematic, which have been playing out for the entirety of 2025. According to the annotated structure, the spring occurred when ETH briefly dipped below $1,500 in the first half of the year. Price did not linger below that level for long, reclaiming the range within days and going on a rally that eventually ended at a selling climax (SC) of $4,946 Within this structure, the initial selling climax and automatic downtrend reaction established a clear range in which the cryptocurrency has been trading up until now. The chart labels show this as Ethereum moving through Phase D, and this has been highlighted by a downtrend in recent months.  However, based on the Wyckoff framework, Ethereum seems to now be approaching the breakout zone, with a transition into a full Phase E and a potential vertical markup coming next if the structure continues to play out. Phase E Projection Points To Strong Upside Scenario If the Wyckoff roadmap continues to unfold as outlined, Merlijn believes Ethereum is setting up for a full Phase E, the final stage of the accumulation process. This phase is characterized by a sustained markup, where price exits the selling climax (SC) decisively and trends higher with increasing momentum. Ethereum / US Dollar: @MerlijnTrader on X The projection on the chart shows a sharp upside expansion once overhead resistance is cleared, with Merlijn pointing to $10,000 and higher as a long-term objective if the structure completes. The path higher is not expected to be linear. The model anticipates an initial push into new all-time highs, followed by a modest rejection around the $5,000 area before the price pauses to consolidate towards the Backup and Last Point of Support Related Reading: Do Kwon Falls Hard — Terraform Labs Chief Gets 15 Years For Wire Fraud According to the chart, this BU/LPS would likely form around $3,750. If Ethereum holds above that level during the pullback, it would confirm structural strength, with the subsequent expansion targeting above $10,000. Featured image from Unsplash, chart from TradingView

While the Ethereum price still struggles to mount a sustained bullish momentum, an investigation into its on-chain activity has revealed a significant change in the behavior of its market participants.  Active Addresses Decline To 327,000 From 483,000 August High  In a Quicktake post on the CryptoQuant platform, market analyst CryptoOnchain shared that there has been a growing scarcity of activity within the Ethereum network. Specifically, the quant referenced data obtained from the Ethereum Active Addresses metric, observed on the 7-day Simple Moving Average.  Related Reading: If This Ethereum Bear Flag Pattern Holds, ETH Price Could Be On Its Way To $2,400 Since reaching its peak in August, the Active Addresses metric has declined steadily from about 483,000 to 327,000 — a level which marks the lowest reached since May this year. This downturn of more than 32% suggests an increasing exit of willing participants from the Ethereum network. Interestingly, the aforementioned downturn is not a stand-alone phenomenon. Just around the same period where active addresses explored the southside of the charts, the Ethereum price also took on a bearish direction. This period saw the Ether token lose its $4,800 valuation and begin its descent to the current price around $3,100. According to the analyst, this strong correlation between the falling Ethereum valuation and its contracting network usage points to something clear — that the recent price drop is likely a result of reduced network demand. This further shows that market participants are moving past speculation, and are in lieu adopting a broader outlook on the Ethereum blockchain.  Ethereum Market Outlook On the more positive side, CryptoOnchain explained how healthy bull cycles differ from the present market cycle. Typically, rising prices are not taken for granted as they often indicate a healthy bullish cycle. An expansion of the cryptocurrency’s network usage also lends credence — enough to serve as confirmation — to suspicions of structural shifts into bullish phases. This theory holds true from a variety of historical occurrences. So, a market would not qualify as bullish enough if the Ethereum price were on the rise without any parallel growth in on-chain activity. Hence, for a convincing price reversal to hold, there has to be a significant and sustained recovery of active addresses. This would signal the return of on-chain demand and further heighten expectations of imminent momentum. Until those conditions are simultaneously met, the Ethereum market remains in a state of utmost caution, where prices could head towards either direction, with the major factor being the influx of network users.  As of press time, the Ether token is valued at about $3,106, reflecting no significant movement since the past day.  Related Reading: XRP Mirrors 2016 Trend That Led To 69% Crash Before 110,000% Rally Featured image from iStock, chart from TradingView

Ethereum is holding firm above key support as smart money steps in, hinting at growing confidence beneath the surface. With bullish signals and steady inflows aligning, the market now watches whether this stability can spark a meaningful upside move. ETH Coils Below $3,200 Ahead Of A Decisive Move AltCoin Việt Nam, in a recent post, highlighted that ETH is positioned at an extremely tense moment on its chart, signaling that the asset is preparing for a major directional move. This immediate pressure is being fueled by a significant bullish divergence that has just appeared on the chart, marking the first time the signal has materialized in over a month. Related Reading: Why Ethereum’s Rally Isn’t Overheated – And Where Demand Must Grow Next The analyst reinforced the expectation of high volatility by referencing historical data. Their research shows a consistent history of 9–16% price volatility whenever ETH falls below the $3,200 level. Given that the price is currently fluctuating tightly around the $3,100 mark, this historical context provides a clear signal that a sharp volatility explosion may be imminent. Adding overwhelming conviction to the bullish case is the recent action of market movers. AltCoin Việt Nam reported that a single super large whale just opened a leveraged long position totaling a massive $392 million (equivalent to 120,094 ETH). This colossal bet on the upside demonstrates a firm, high-conviction among institutional players. Furthermore, the institutional framework continues to provide a reliable underlying demand. The Spot Ethereum ETF market is still actively attracting substantial capital inflows, totaling over $250 million this week. BitMine Technologies also purchased an additional 33,504 ETH (valued at $112 million) today, highlighting persistent institutional accumulation. Considering the confluence of technical divergence, historical volatility context, and massive whale and institutional purchasing, the market faces a critical juncture. AltCoin Việt Nam posed the final question: Can ETH break out strongly and immediately confirm the uptrend, or will it need to retest lower support levels before initiating the expected explosive rally? Buyers Step In As Ethereum Defends Key Support According to crypto analyst The Boss, ETH has shown a highly encouraging response from a key technical area. Ethereum has reacted positively with the $3,091 support zone, and is currently holding firmly above this level, which is a strong signal that short-term buying pressure remains resilient and active in the market. Related Reading: Ethereum Inches Toward A Critical Decision Point: Bullish Break Or Deeper Dive? As long as the price stays above the green line, the analyst confirms that the primary focus remains the upside, validating the potential for a move toward the resistance zone marked by the blue line. The Boss emphasized the importance of these structural defense moves, concluding that such strong reactions from established support levels are vital signals for confirming the validity of the current structure and providing clear direction of the prevailing trend. Featured image from Freepik, chart from Tradingview.com

Since early October, when the Ethereum price began its dive into bearish territory, it has struggled to regain any of its significant price levels. The Ether token failed to hold at multiple support zones throughout November, as it plunged downwards.  While Ethereum appears to be gaining bullish momentum to signal an imminent price reversal, a bearish continuation looks like the more probable scenario after the latest decline to $3,000. A popular analyst has recently put forward a prognosis, which paints a worrying picture for the second-largest cryptocurrency. $2,400 Might Be The Next Price Cushion For ETH In a December 13 post on the social media platform X, market analyst Ali Martinez highlighted that the Ethereum price is showing an interesting sign of a potential bearish continuation over the coming weeks. Martinez’s analysis hinged on the bear flag pattern, a technical analysis pattern that is often used to confirm the continuation of a downtrend.  Related Reading: Dogecoin Tightens Up: Symmetrical Triangle Converges With High-Timeframe Wyckoff Setup Typically, the pattern has two components — the flag and the flag pole. Price initially displays a sharp downward move, forming the flagpole. Afterwards, there is usually a brief period where the price displays upward movement or even sideways consolidation; this period of choppy price action makes up ‘the flag.’ What gives the flag its integrity is its upper and lower boundaries, which serve as resistance and support zones. Because breakouts beneath support zones typically indicate that the market could be bearish, a failure of the flag’s support would then be the needed confirmation of the earlier-seen sell signal.  In the scenario where this happens, the crypto pundit pointed out that Ethereum’s possible target could be the $2,400 price level. This is likely the case because all preceding regions may present with insufficient liquidity to sponsor any significant price reversal. Ethereum Whales’ Realized Price Of $2,400 Comes In Sight — What To Expect  Interestingly, on-chain data adds credence to $2,400’s reputation as a relevant price level. In a Quicktake post on the CryptoQuant platform, a pseudonymous pundit, OnChain, revealed that Ethereum is currently happens to be trading very close to a significant price level. According to the analyst, Ethereum whales — with holdings of at least 100,000 ETH — mostly procured their coins close to $2,400. Interestingly, the Ether token barely ever falls to price levels close to the realized price of this group of investors.  Since the last five years, there have only been four instances where the ETH price nearly reached the acquisition price of these whales, before eventually seeing major recoveries. If this historical pattern thus plays out, the second-largest cryptocurrency might have seen the beginning of yet another bullish rally.  As of this writing, Ethereum holds a valuation of $3,086, reflecting a 4% price decline in the past day. Related Reading: Solana Gains Institutional Momentum as New On-Chain Bond Deal and XRP Integration Build Hype Featured image from iStock, chart from TradingView

XRP is in a mild undervalued zone according to the 30-day MVRV Ratio. Here’s how other cryptocurrencies like Bitcoin and Ethereum compare. XRP 30-Day MVRV Ratio Shows Negative Returns In a new post on X, on-chain analytics firm Santiment has talked about how the 30-day Market Value to Realized Value (MVRV) Ratio is currently looking for the different top coins in the cryptocurrency sector like Bitcoin and XRP. Related Reading: Stellar (XLM) Forms Signal That Last Led To 95% Price Rally The “MVRV Ratio” is a popular indicator that keeps track of the ratio between an asset’s market cap and its Realized Cap. The latter capitalization model calculates the cryptocurrency’s total value by assuming the value of each individual token is equal to the spot price at which it was last transacted on the blockchain. The Realized Cap can be thought of as an estimate of the capital that the investors as a whole used to purchase their tokens. In contrast, the market cap is the value that they are carrying in the present. As the MVRV Ratio takes the ratio between the two, it essentially contains information about the profit-loss balance of the investors. In the context of the current topic, a very specific form of the MVRV Ratio is of interest: the 30-day version. This metric only tracks the profit-loss balance for the traders who got into the market during the past month. Now, here is the chart shared by Santiment that shows the trend in the 30-day MVRV Ratio for six assets: Bitcoin, Ethereum, Cardano, XRP, and Chainlink. As is visible in the above graph, the 30-day MVRV Ratio hasn’t displayed a uniform behavior across the top cryptocurrencies, indicating that the situation of the 30-day buyers is different for the various assets. Ethereum currently has the metric at a positive value of 7.2%. This means that market entrants from the past month are sitting on a gain of 7.2% on the network. Bitcoin also has a positive value, but at just a level of 2.4%, the 30-day traders are more-or-less breaking even. Chainlink also has a very neutral trend with the 30-day MVRV Ratio at a value of -0.3%. Cardano 30-day traders are also in the red, but in its case, the losses are more notable at -4.4%. Finally, new XRP investors are down 6.1%, implying that the network currently hosts the worst trader profitability. This fact, however, may not actually be negative for the cryptocurrency. Generally, the higher investor gains get, the more likely they become to participate in a selloff with the aim of profit realization. This can make a top more probable for the asset when its MVRV Ratio is at a high level. Similarly, a deep negative value can be bullish instead, as it suggests profit-takers have probably become depleted. Related Reading: Bitcoin Lacks Fresh Momentum As Realized Cap Growth Still Declining In the chart, the analytics firm has defined overvalued and undervalued zones based on the 30-day MVRV Ratio. XRP is currently the only one in an undervalued zone, while Ethereum is inside a mild overbought region. XRP Price At the time of writing, XRP is floating around $2.04, up 1.5% over the last 24 hours. Featured image from Dall-E, Santiment.net, chart from TradingView.com

Ethereum is trading above the $3,200 level as bulls attempt to push the price back toward higher resistance zones, but market sentiment remains fragile. Fear and uncertainty continue to dominate as several analysts warn that the broader trend may still point toward a potential bear market. Yet, beneath the volatile price action, key on-chain data is revealing a development that could shape Ethereum’s next major phase. Related Reading: Bitcoin Whales Refuse to Sell: Historic Signal Emerges As Binance CDD Drops To 2017 Levels According to a new report from CryptoQuant, a historic signal tied to the realized price of whales holding more than 100,000 ETH has emerged once again. This metric, which tracks the average cost basis of the largest holders, has only been tested a handful of times over the past five years. Each instance occurred during decisive turning points in Ethereum’s macro trend. Whenever ETH approached or traded near this realized price, it signaled either the exhaustion of a deep downtrend or the beginning of a strong recovery phase. Today, Ethereum is once again hovering near this critical threshold. With analysts divided and sentiment weakening, the whale realized price has become one of the most important indicators to monitor. Whether ETH bounces or breaks here may determine the direction of the next major trend cycle. Whale Realized Price as a Cycle-Defining Threshold The CryptoQuant report highlights the significance of Ethereum’s proximity to the realized price of whales holding at least 100,000 ETH. According to the analysis, ETH has traded very close to this level only four times in the last five years. Two of those instances occurred during the capitulation phase of the 2022 bear market, when selling pressure peaked, and long-term confidence was severely tested. The other two have happened this year, underscoring how unusual and cycle-defining the current environment has become. What makes this metric particularly important is its historical reliability. In the past five years, Ethereum has never traded below the realized price of these mega-whales. This level has consistently acted as a structural floor, signaling areas where the largest and most sophisticated holders refuse to sell at a loss. Their behavior often marks moments of deep undervaluation or macro exhaustion within the market. Today, that realized price sits near the $2,500 range, placing Ethereum within striking distance of a level that has repeatedly separated long-term accumulation zones from full-scale trend reversals. If ETH holds above this threshold, it would reinforce the idea that large holders still see long-term value—despite fear dominating broader market sentiment. Related Reading: This Whale Isn’t Stopping: $392M Ethereum Long And A Tight Liquidation Price Revealed Ethereum Attempts Recovery but Faces Major Overhead Barriers Ethereum’s daily chart shows a market attempting recovery, yet still constrained by significant structural resistance. After rebounding from the sub-$2,900 zone, ETH has reclaimed the $3,200 level and is currently trading near $3,238. While this bounce reflects short-term strength, the broader trend remains fragile. The price is encountering the 50-day moving average, which has acted as dynamic resistance throughout the decline from September’s peak. ETH briefly pierced above it but failed to secure a strong close, signaling hesitation from buyers. Related Reading: The Whale Who Can’t Stop Buying: BitcoinOG Scales Ethereum Long To $280M After Price Surge The 100-day and 200-day moving averages remain well above the current price, reinforcing that Ethereum is still operating beneath major trend markers. These moving averages are likely to form an overhead cluster of resistance between $3,400 and $3,600—an area where sellers previously overwhelmed bullish attempts. Structurally, ETH is forming a potential higher low, but it has not yet produced a higher high—an essential condition for confirming a trend reversal. A clean breakout above $3,350 would strengthen bullish momentum. Conversely, losing $3,150 risks reopening a path toward $3,000 and potentially retesting deeper support levels. Featured image from ChatGPT, chart from TradingView.com

Anthony Scaramucci showed up to Solana Breakpoint in Abu Dhabi wearing a tie — a small act of rebellion in a sea of hoodies — and then proceeded to make a much bigger one on stage: Solana is going to “flip” Ethereum. Scaramucci’s Solana Prediction Not in the Twitter-war, zero-sum, “ETH is dead” kind of way. More like: same league, different growth curve, and Solana ends up with the bigger market cap. “I think it will flip Ethereum, but that doesn’t mean Ethereum’s going down or anything like that. I think there’s going to be market share for Ethereum. I think they could both grow, but I think from a market capitalization perspective, I think Solana will end up growing faster,” Scaramucci told CoinDesk Live on Dec. 11. That’s been his line for a while. This time it came with a prop: his new book, Solana Rising, which dropped Dec. 9 and — according to Scaramucci — quickly hit the top of Amazon’s “new releases” list for investment management/investment strategy. He framed the book as something for the skeptics, or at least for the friends of the believers. Related Reading: Solana Enters Bear Territory: Realized Loss Now Outweighs Profit The pitch is familiar if you’ve been anywhere near crypto conferences this year, but Scaramucci’s version is unusually blunt: Solana is the fastest-growing chain, it’s stacked with activity, it’s cheap to use, and it’s easy to build on. Then you add staking, and you’ve got what he keeps calling “great tokenomics.” And yes, he’s heavily aligned. “Full disclosure,” he said, “I have a large personal holding in Solana. I have it on the firm’s balance sheet.” How large? On SkyBridge’s balance sheet, he put it at “probably 60%,” with the firm sitting on “north of a nine figure balance sheet.” His personal portfolio allocation, he estimated, is around “6% 7%.” Big, but not “I sold the house for SOL” big. Notably, Scaramucci emphasized that he’s not “chain monogamous.” He likes Avalanche. He likes Ethereum. He’s not doing maximalism. He’s doing a portfolio. “In fact, who is chain monogamous?” he joked. Related Reading: Solana Hits Critical Demand Zone — Is A Surprise Bottom Loading? The Skybridge Capital founder added: “It’s not an amorous thing. It just has to do with the realities of investing. It’s like owning a lot of stocks in your portfolio. But to me, I just think that it is the fastest growing chain. That’s the most activity of like the top 50 chains combined. It’s got lots of use cases, lots of versatility. It’s easy to develop on and it’s very low fees to transact on and it’s got great tokenomics if you want to stake your Solana like I do.” He also pointed to the debut of the first spot Solana ETF in the United States — “first staking ETF,” in his words — as another signal that we’re still early. Then came the price talk, because of course it did. Could SOL hit $300–$400 by the end of next year? “Sure,” he said, tying it to a more constructive US regulatory backdrop — specifically his hope that the CLARITY Act gets passed and unlocks “the full utilization of tokenization.” Longer term, he went bigger: “Is Solana go to $1,000 over the next five years? I really do believe that.” He also revisited Bitcoin. Same vibe: right call, wrong calendar. “I’ve been right about Bitcoin, but I’ve been wrong about timing,” Scaramucci said, sticking with a $150,000–$200,000 target, and arguing a friendlier rate environment next year could help. At press time, SOL traded at $139.14. Featured image created with DALL.E, chart from TradingView.com

Ethereum price started a fresh increase above $3,150. ETH is now consolidating and might soon aim for a clear upside break above $3,350. Ethereum started a downside correction from the $3,450 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend line forming with support at $3,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,150 zone. Ethereum Price Holds Support Ethereum price managed to stay above $3,150 and started a fresh increase, beating Bitcoin. ETH price gained strength for a move above the $3,300 and $3,320 resistance levels. The bulls even pushed the price above $3,400. However, the bears were active below $3,450. A high was formed at $3,448 and the price is now correcting gains. There was a move below $3,250, and the price even spiked below the 50% Fib retracement level of the upward wave from the $2,914 swing low to the $3,448 low. However, the bulls were active near $3,150. Ethereum price is now trading above $3,200 and the 100-hourly Simple Moving Average. Besides, there is a new connecting bullish trend line forming with support at $3,180 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $3,290 level. The next key resistance is near the $3,320 level. The first major resistance is near the $3,350 level. A clear move above the $3,350 resistance might send the price toward the $3,400 resistance. An upside break above the $3,400 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,320 resistance, it could start a fresh decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,150 zone. A clear move below the $3,150 support might push the price toward the $3,040 support. Any more losses might send the price toward the $3,020 region. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,180 Major Resistance Level – $3,350

Ethereum has retraced to the $3,160 level following the highly anticipated FOMC meeting, where the Federal Reserve cut interest rates by 25 basis points. While rate cuts typically support risk assets, Jerome Powell’s comments added a new layer of uncertainty to the market. Related Reading: The Whale Who Can’t Stop Buying: BitcoinOG Scales Ethereum Long To $280M After Price Surge By openly acknowledging the risks of weaker growth paired with persistent inflation, Powell introduced the possibility of stagflation—a scenario that historically challenges both equities and crypto. As a result, sentiment across the market remains fragile, and investors are struggling to interpret what this macro shift could mean for Ethereum’s next move. Despite the volatility surrounding the decision, one major whale continues to act with conviction. According to Lookonchain, the Bitcoin OG who famously shorted the market during the October 10 crash is once again doubling down on his bullish Ethereum position. Instead of taking profits or reducing exposure after the recent rally, he has continued accumulating aggressively, signaling a strong belief in ETH’s medium-term trajectory even as broader sentiment turns cautious. Whale Position Ramps Up, But Risk Is Rising According to Lookonchain, the whale’s position has now surged to 120,094 ETH, valued at approximately $392.5 million. With a liquidation price at $2,234.69, this has become one of the largest and most aggressive long positions currently tracked on-chain. Such a massive allocation signals extreme conviction, especially coming from the same Bitcoin OG who successfully shorted the market during the October 10 crash. However, the scale of this bet also highlights how much risk is now concentrated in a single directional position. The liquidation price is a key concern. At $2,234, it sits nearly $1,000 below current levels, but in highly leveraged environments—especially during macro uncertainty—prices can retrace violently. Ethereum has already shown a tendency toward sharp intraday moves, and with funding rates rising and leverage across the market stretching to historical highs, even a moderate correction could trigger cascading liquidations. If ETH experiences a sudden spike in volatility due to shifting macro conditions, a negative reaction to the latest FOMC decision, or a broader market unwind, the whale’s position could come under significant pressure. While large whales often influence market sentiment, this setup illustrates how thin the margin for error has become. Related Reading: Why Ethereum’s Rally Isn’t Overheated – And Where Demand Must Grow Next ETH Testing Resistance While Momentum Weakens Ethereum has retraced to the $3,196 level after failing to hold above the $3,300 zone, signaling that bullish momentum is beginning to weaken. The daily chart shows ETH rejecting the red 200-day moving average, a key long-term trend indicator that has acted as resistance throughout the recent downtrend. Until ETH breaks and closes decisively above this level, the broader structure remains vulnerable. The 50-day moving average is still sloping downward, reflecting persistent selling pressure despite last week’s rebound. Meanwhile, the 100-day moving average sits well above the current price, reinforcing the heavy overhead resistance ETH must overcome to reestablish a bullish trend. Volume has also declined compared to the early December bounce, suggesting buyers are losing strength as price approaches major resistance levels. Related Reading: Bitcoin Exchange Reserves Fall To Lowest Levels on Record: The Bullish Signal Most Traders Are Missing Structurally, ETH remains in a mid-term downtrend, forming lower highs and lower lows since September. Although the recent push from the $2,800 region shows buyers defending key support, the rejection at $3,350 highlights that sellers are still in control at higher levels. If ETH fails to regain the 200-day moving average soon, a retest of the $3,050–$3,100 support range becomes likely. Conversely, a strong reclaim above $3,350 could open the door for a move toward $3,500, but the market will need renewed momentum to get there. Featured image from ChatGPT, chart from TradingView.com

Ethereum price started a fresh increase above $3,350. ETH is now correcting gains from $3,450 and might decline further below $3,200. Ethereum started a downside correction from the $3,450 zone. The price is trading near $3,200 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,200 zone. Ethereum Price Declines Heavily Ethereum price managed to stay above $3,200 and started a fresh increase, beating Bitcoin. ETH price gained strength for a move above the $3,320 and $3,350 resistance levels. The bulls even pushed the price above $3,400. However, the bears were active below $3,450. A high was formed at $3,448 and the price is now correcting gains. There was a sharp decline below the 23.6% Fib retracement level of the upward wave from the $2,914 swing low to the $3,448 low. Besides, there was a break below a bullish trend line with support at $3,240 on the hourly chart of ETH/USD. Ethereum price is now trading near $3,200 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,250 level. The next key resistance is near the $3,300 level. The first major resistance is near the $3,320 level. A clear move above the $3,320 resistance might send the price toward the $3,400 resistance. An upside break above the $3,400 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,250 resistance, it could start a fresh decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,180 zone and the 50% Fib retracement level of the upward wave from the $2,914 swing low to the $3,448 low. A clear move below the $3,180 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 region. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,180 Major Resistance Level – $3,300

Ethereum is trading with renewed strength after breaking above the $3,300 level and briefly pushing toward $3,400, signaling a potential shift in short-term momentum. However, despite this recovery, bullish conviction remains fragile. Many analysts continue to warn that the broader trend still leans bearish, emphasizing that Ethereum has yet to reclaim the structural levels needed to confirm a macro reversal. Related Reading: Bitcoin Exchange Reserves Fall To Lowest Levels on Record: The Bullish Signal Most Traders Are Missing Yet one signal has captured significant attention: according to fresh data from Lookonchain, a major whale known as BitcoinOG has doubled down on his Ethereum long position. This trader is widely recognized for being the whale who successfully shorted Bitcoin during the October 10 market crash, a move that earned him substantial profits and elevated his reputation across the on-chain analysis community. Rather than taking profits after ETH’s recent pump, he has expanded his long exposure—an unusually aggressive stance at a time when most traders remain cautious. His renewed commitment raises questions about whether smart money is quietly positioning for a larger upside move, even as broader sentiment remains skeptical. If momentum holds, Ethereum may be preparing for a far more significant move than the market currently expects. Whale Positioning and FOMC Impact According to Lookonchain, the whale known as BitcoinOG has now expanded his position to 85,001 ETH, valued at roughly $280 million, and is currently sitting on more than $16 million in unrealized profit. Such an aggressive accumulation during a period of widespread caution signals a notable divergence between retail sentiment and whale behavior. When a trader with a proven track record positions this heavily on the long side, it often reflects a strategic conviction that market conditions could soon shift in favor of higher prices. However, this positioning unfolds just as the market approaches a pivotal macro event: the FOMC meeting. The Federal Reserve’s decision on interest rates can dramatically influence liquidity, risk appetite, and short-term volatility across all risk assets, including Ethereum. A rate cut could inject optimism into the market by weakening the US dollar and improving overall liquidity conditions. Conversely, a hawkish tone or a smaller-than-expected policy adjustment could trigger a sell-the-news reaction, especially with ETH nearing resistance. For Ethereum, whale accumulation combined with macro uncertainty creates a high-stakes environment. If liquidity expands post-FOMC, ETH could gain momentum. If not, even strong whale positions may face short-term pressure. Related Reading: Ethereum Sees Largest Binance Inflow Since 2023 – Warning Sign? ETH Testing Breakout Strength Ahead of Key Resistance Ethereum’s 4-hour chart shows a decisive shift in momentum, with ETH pushing firmly above the $3,300 level after a clean breakout from its multi-week downtrend. This move marks one of the strongest bullish impulses since early November, supported by rising volume and a clear reclaim of the 50 EMA and 100 EMA. The 200 EMA (red), which previously acted as dynamic resistance throughout the decline, has now been tested and is beginning to flatten—often an early indication that bearish momentum is losing dominance. However, ETH is now hovering directly below a critical resistance zone around $3,380–$3,420, a level where sellers previously stepped in aggressively. The current consolidation just beneath this zone reveals an undecided market: bulls attempt to establish acceptance above $3,300, while bears defend the next resistance layer. Related Reading: Ethereum Loses Momentum While OI Holds Steady: Binance Data Shows A Market Reset If buyers manage to flip $3,320 into solid support, the path toward $3,500 becomes more achievable, especially if broader market sentiment improves. Conversely, a rejection from the $3,400 area could trigger a short-term pullback toward $3,200–$3,250, where moving averages are now stacked as layered support. Featured image from ChatGPT, chart from TradingView.com

Ethereum has pushed above the $3,350 level, injecting fresh momentum into the market after weeks of uncertainty. Yet despite this breakout, overall sentiment remains clouded by fear, with many analysts still warning that the broader structure points toward a developing bear market. Traders now find themselves at a pivotal juncture: is this the beginning of a sustained recovery, or merely a temporary rally before further downside? Related Reading: Bitcoin Exchange Reserves Fall To Lowest Levels on Record: The Bullish Signal Most Traders Are Missing According to a new CryptoQuant report, one of the most revealing indicators right now is Ethereum’s funding rate behavior across major exchanges. Unlike the explosive funding spikes seen during the two major rallies earlier this year, the current move shows a remarkably restrained funding environment. During those earlier surges, funding rates climbed aggressively into overheated territory, signaling euphoric long leverage and speculative excess — conditions that closely preceded short-term market tops. This time, however, funding remains far more subdued. The absence of aggressive long positioning suggests that the current rally is not being driven by excessive leverage, which gives the move a different character compared to earlier spikes. Whether this signals healthier accumulation or simply a lack of conviction remains the core question as Ethereum approaches the next decisive phase. Muted Funding Rates Highlight a Cautious But Potentially Constructive Rally The CryptoQuant report highlights that, unlike previous explosive rallies, Ethereum’s current funding rates remain unusually low, even after its sharp recovery from the $2.8K region. This subdued funding environment signals that the derivatives market is not yet saturated with speculative long positions. Buyers are stepping in, but modest leverage drives this move compared to past phases dominated by aggressive traders. Consequently, spot accumulation drives the current advance more than overheated futures activity. This difference carries important implications. Without a surge in speculative demand, Ethereum may struggle to ignite the kind of full bullish continuation leg seen in earlier breakout cycles. Historically, strong uptrends have required funding rates to expand meaningfully as traders chase price, forcing shorts to cover and fueling upward momentum. That behavior has not yet emerged in the current structure. However, this muted landscape is not inherently bearish. Instead, it reflects a recovering market, not an overextended one. This leaves Ethereum with room to climb further — if demand strengthens. At the same time, the lack of leverage means the rally remains vulnerable; strong resistance rejections could quickly weaken momentum unless fresh buyers step in. Related Reading: Ethereum Sees Largest Binance Inflow Since 2023 – Warning Sign? Testing Key Resistance as Momentum Builds Ethereum’s daily chart shows a notable shift in momentum as the price pushes toward $3,320, extending its rebound from the sub-$2,800 lows. This recovery phase has been steady rather than explosive, reflecting a market that is stabilizing but still facing key overhead challenges. The first major test is the 200-day moving average (red line), which ETH is now approaching after several weeks of trading below it. Historically, reclaiming this level has marked the transition from corrective phases into renewed bullish cycles, but a clean breakout is far from guaranteed. Related Reading: Smart Whales Align: Top Performers Go All-In On Ethereum Long Positions With Over $425M in Exposure The structure of the recent move highlights improving buyer confidence: ETH has formed a series of higher lows, indicating accumulation after the capitulation-like November drop. Although buyers are active, the relatively subdued volume profile suggests they lack broad-based conviction. A stronger influx of volume must flip the trend decisively bullish. The 50-day and 100-day moving averages remain above the current price and are both aligned downward, reinforcing that ETH is still technically in a broader downtrend. For momentum to extend, Ethereum must break above the $3,350–$3,400 resistance zone, where prior support turned into resistance. Featured image from ChatGPT, chart from TradingView.com

On Tuesday, the Ethereum price experienced a notable surge, climbing by 6.5% and reclaiming the critical $3,300 mark for the first time in nearly a month. This has allowed Ethereum to outpace its peers among the top ten cryptocurrencies by market capitalization, showcasing a nearly 12% recovery for the leading altcoin over the past week. ETH Grows In Demand  Analysts from Bull Theory attribute this resurgence to several key factors, including significant institutional interest in Ethereum. The firm highlighted BitMine, which holds the largest public company collection of ETH, as a major player in this recovery phase.  In a recent social media update on X (formerly Twitter), the analysts pointed out that demand for ETH is on the rise as Wall Street quietly builds on the Ethereum platform. Related Reading: Crypto Market Structure Talks: Senator Lummis Addresses Latest Legislation Plans Notably, major financial institutions are beginning to make substantial moves in the Ethereum space. BlackRock, which manages $13.5 trillion, is launching tokenized funds and has filed for a staked Ethereum exchange-traded fund (ETF).  Other notable players include JPMorgan with $4 trillion in assets, Deutsche Bank at $1.1 trillion, and Standard Chartered with $800 billion. These firms are developing tokenization and decentralized finance (DeFi) infrastructure specifically on Ethereum and its Layer 2 (L2) solutions. In addition, well-known financial entities such as Amundi, HSBC, BNY Mellon, Coinbase (COIN), Kraken, and Robinhood (HOOD) are incorporating Ethereum into their operations for functions like custody, settlement, and rollup infrastructure.  As a result, these large companies are holding and staking ETH to generate yield, significantly increasing the altcoin’s demand. BitMine, for instance, anticipates earning over $400 million annually from its staking position. Could The Ethereum Price Hit $12,000? Such institutional involvement has led market experts like Tom Lee to speculate that the Ethereum price could potentially reach $12,000 by 2026, driven by growing staking demand and the scaling of tokenization efforts.  Adding to the momentum, Arkham reported that Tom Lee’s Ethereum treasury firm acquired 138,452 ETH since last week, valued at approximately $431.97 million. BitMine currently holds $12.05 billion in ETH and has an additional $1 billion allocated for further purchases.  Related Reading: Wall Street Giant Bernstein Predicts Bitcoin Price To Hit $1 Million By 2033 In a different development that could bolster the Ethereum price further, Chris MacDonald, an analyst for The Motley Fool, highlighted reports indicating that the Office of the Comptroller of the Currency (OCC) confirmed US banks can now legally conduct “riskless principal” transactions in crypto assets.  The analyst asserted that this new regulatory approval may lead to an influx of capital into digital assets, which would likely benefit the Ethereum price and holders, as well as other top cryptocurrencies. As of this writing, the Ethereum price is trading at $3,325. Despite recent gains, the price is still nearly 33% below the all-time high of $4,946, which was reached earlier this year.  Featured image from DALL-E, chart from TradingView.com 

Ethereum’s momentum in institutional markets just hit a major roadblock. After months of enthusiasm surrounding spot Ethereum exchange-traded funds (ETFs), new data has shown that ETF flows have sunk to their worst monthly total since their launch. The sharp drop reflects a broader cooldown in investor demand, as market volatility and shifting risk appetite weigh on crypto allocations. Will Staking ETFs Emerge To Stabilize Flows? In an X post, a crypto analyst known as Milk Road revealed that the Ethereum ETFs had just printed their worst month on record since launch, which is roughly $1.4 billion in net outflows, the largest single-month withdrawal that ETH has ever encountered.  Related Reading: Ethereum Shows Signs Of Accumulation As CVD Strengthens And Correlation Stays Elevated Historically, ETF flow reversals tell more about liquidity pressure in the broader financial system than the long-term fundamentals of the asset itself. When redemptions spike this hard, it’s usually a sign that broader risk sentiment is cracking, not that the asset itself broke. Meanwhile, most investors don’t know that while ETFs were handing back, Digital Asset Treasuries (DATs) stepped in as aggressive buyers. BitMine Immersion Technologies (BMNR) quietly added over 300,000 ETH, worth nearly $800 million at the time, to its treasuries. If the ETF outflow continues to accelerate, the near-term price action will remain choppy as liquidity gets strained at the edges. However, if DAT inflows continue scaling, it builds the foundation for a tighter supply setup into 2026. The tension between this panicked short-term selling pressure and the quiet structural long-term accumulation is the most important dynamic for positioning. Why ETH Reserves Are Becoming Strategic Corporate Assets Crypto trader Bull Theory has noted that last week, BitMine bought an astonishing 138,452 ETH, worth $437.7 million. This single transaction solidifies their position as the largest ETH treasury in the world, holding 3.86 million ETH, valued at $12.4 billion and accounting for 3.2% of the entire circulating supply. Related Reading: Here’s Why Ethereum Emerges As The Global Capital Rails For On-Chain Finance The true source of rising ETH demand is that Wall Street is quietly building on ETH. BlackRock, with $13.5 trillion AUM, has launched tokenized funds on ETH and has filed for a staked ETH ETF. JPMorgan, with $4 trillion, Deutsche Bank, with $1.1 trillion, and Standard Chartered, with $800 billion, are developing tokenization and DeFi infrastructure using ETH and its Layer-2 networks.  Institutions like Amundi, HSBC, BNY Mellon, Coinbase, Kraken, and Robinhood are all using ETH rails for custody and settlement or rollup infrastructure for scaling and security. Furthermore, large companies are now holding and staking ETH for yield. BitMine alone expects to generate $400 million+ a year in staking revenue from its position.  Tom Lee believes that as staking demand grows and institutions scale tokenization increases, ETH could reach $12,000 in 2026. “A Bitcoin miner is now the largest Ethereum whale, Wall Street is building on ETH, and treasuries are shifting toward yield. ETH is quickly becoming part of the Global Financial System.” Bull Theory noted. Featured image from Freepik, chart from Tradingview.com

Ethereum price started a fresh increase above $3,250. ETH is now consolidating gains and might aim for more gains if it clears the $3,380 resistance. Ethereum started a fresh increase above the $3,200 and $3,250 levels. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $3,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,350 zone. Ethereum Price Rallies Over 8% Ethereum price managed to stay above $3,000 and started a fresh increase, beating Bitcoin. ETH price gained strength for a move above the $3,120 and $3,250 resistance levels. The bulls even pushed the price above $3,350. However, the bears were active below $3,400. A high was formed at $3,396 and the price is now consolidating. There was a minor drop below the 23.6% Fib retracement level of the upward wave from the $3,094 swing low to the $3,396 low. Ethereum price is now trading above $3,200 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $3,210 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $3,320 level. The next key resistance is near the $3,350 level. The first major resistance is near the $3,380 level. A clear move above the $3,380 resistance might send the price toward the $3,420 resistance. An upside break above the $3,420 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. Pullback In ETH? If Ethereum fails to clear the $3,380 resistance, it could start a fresh decline. Initial support on the downside is near the $3,250 level and the 50% Fib retracement level of the upward wave from the $3,094 swing low to the $3,396 low. The first major support sits near the $3,210 zone. A clear move below the $3,210 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 region. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,210 Major Resistance Level – $3,380

ETF inflows have finally turned positive, but weak on-chain activity, defensive derivatives positioning, and negative spot CVD show a market stabilizing without the conviction needed for a sustained move higher.

Ethereum saw a flurry of big moves that traders say could matter for its next price swing. In just a few hours, major accounts pulled large sums off an exchange and big wallets opened sizable margin longs. Market watchers are parsing those moves for clues. Related Reading: All-In On XRP: Why This Leading Investor Sold His Entire Bitcoin Stack Institutions Shift Big Stakes According to Arkham Intelligence, Amber Group and Metalapha pulled out 9,000 Ether from Binance in a short span, a haul worth more than $28 million at current prices. Based on reports, institutional flows have been heavy for months — nearly 4 million ETH has been accumulated by institutions over five months. Those kinds of transfers are often linked to custody setups or long-term holdings rather than quick trades. Whales Add Margin Bets Several large wallets added roughly $426 million in margin long exposure. Wallets named 1011short and Anti-CZ are among the accounts that expanded long bets. That kind of activity raises the chance of sharper moves in either direction: if prices rise, longs can feed a rapid upswing; if a pullback hits, forced selling could amplify losses. Market structure is tighter now than it was several months ago. ???? INSTITUTIONS ARE ACCUMULATING $ETH ~ QUIETLY. In the last few hours: • Amber Group withdrew 6,000 ETH ($18.8M) from Binance • Metalapha withdrew 3,000 ETH ($9.4M) That’s 9,000 ETH pulled off exchanges in a single morning. This is the same pattern we’ve seen for weeks:… pic.twitter.com/MBgyXoPfJz — BMNR Bullz (@BMNRBullz) December 8, 2025 Available Supply Shrinks On-chain data shows only 8.7% of ETH is currently held on exchanges. More than 28 million ETH is locked up in staking, custody, and what reports call long-term storage. Staking inflows remain high, with over 40,000 ETH added per day on average. Less supply on exchanges can lower immediate selling pressure, making price swings more dependent on fresh buy orders. Price Range And Key Levels Ethereum has gained 2.5% in the last 24 hours and is trading near $3,050. According to an analyst’s chart, ETH has been moving inside a tight range between $3,050 and $3,200, with $3,100 acting as a support line. Traders say a clear break above the $3,300–$3,400 band could open the way toward $3,700 to $3,800. Failure at that resistance would likely push prices back toward $3,000, where buyers may step in again. Related Reading: Banking Meets Bitcoin: French Banking Giant Offers Crypto To Millions Regulatory Step Could Matter In a related development, the US Commodity Futures Trading Commission has launched a pilot that allows Ethereum, USDC and Bitcoin to be used as collateral in regulated derivatives venues. Acting Chair Caroline Pham unveiled the plan in Washington and said the move will let regulators observe how tokenized collateral behaves in stressed conditions. The program sets rules for custody, segregation, and valuation tests inside a controlled environment. Featured image from Unsplash, chart from TradingView

Ethereum has spent the past several days consolidating in a tight range between $3,000 and $3,200, signaling a moment of hesitation as the broader market struggles to find direction. Despite attempts to push higher, momentum has flattened, and uncertainty continues to dominate sentiment. Many analysts now warn that Ethereum may be entering a deeper bearish phase, pointing to weakening spot demand, fragile market structure, and fading optimism across major exchanges. Related Reading: Smart Whales Align: Top Performers Go All-In On Ethereum Long Positions With Over $425M in Exposure However, one on-chain development has captured the market’s attention. According to new data from CryptoQuant, December 5, 2025 saw a massive spike in Ethereum Exchange Netflow to Binance, marking one of the largest daily inflows in years. Such a surge typically raises questions about investor intentions: large inflows often signal that holders are moving ETH onto exchanges with the potential to sell, increasing the probability of short-term volatility or downside pressure. Yet the broader context matters. Ethereum’s price remains above key support, suggesting that the market is in a critical decision zone rather than a confirmed breakdown. This combination of consolidation, rising caution, and an unusually large exchange inflow sets the stage for what could become a pivotal moment for ETH as traders prepare for the next major move. Massive Netflow Surge Raises Caution for Ethereum According to data from CryptoOnchain shared on CryptoQuant, Ethereum experienced a striking shift in exchange activity on December 5, 2025. The netflow to Binance reached 162,084 ETH while the price hovered near $3,021, marking the largest daily positive netflow since May 2023. Such an influx is significant, not only because of its size but because of what it typically signals: a rise in the number of investors moving ETH from self-custody to exchanges. Historically, large positive netflows are interpreted as potentially bearish, suggesting that holders may be preparing to sell or rebalance. When deposits drastically outweigh withdrawals, it can precede heightened selling pressure, especially when the market is already in a fragile state. Inflows of this magnitude can act as a temporary supply shock; if even a portion of this ETH hits the order books as market sells, the price could face increased volatility or short-term corrective pressure. Because of this, traders should closely monitor how Binance absorbs this liquidity. Watching order book depth, open interest reactions, and subsequent netflow patterns will reveal whether this was a one-off spike or the beginning of a broader shift in investor behavior. In a market this delicate, even a single inflow event can set the tone for the days ahead. Related Reading: Ethereum Loses Momentum While OI Holds Steady: Binance Data Shows A Market Reset ETH Price Attempts Stabilization Ethereum’s daily chart shows a market in the process of stabilizing, but still weighed down by significant structural resistance. After dipping below $2,800 in late November, ETH has managed to reclaim the $3,100 region, where it has been consolidating for several days. This range-bound behavior signals a pause in the prior downtrend, yet the recovery lacks the strong momentum typically seen in bullish reversals. The 50-day and 100-day moving averages remain positioned above the current price, forming a clear zone of resistance between $3,250 and $3,500. These declining MAs highlight that the broader trend still favors sellers, and ETH will need a decisive breakout above them to shift market sentiment. The 200-day MA, sitting higher, reinforces the idea that Ethereum is still trading below its long-term trend structure. Related Reading: Bitcoin Must Break $97K To Restore Confidence Among Youngest Long-Term Holders – Details Volume has also weakened during this rebound, suggesting that buyers are hesitant to commit aggressively at current levels. The recent spike in exchange netflows adds another layer of caution, raising the possibility of increased near-term selling pressure. ETH is showing early signs of stabilization, but the path forward requires stronger conviction. Until price breaks above the cluster of moving averages, this recovery remains fragile and vulnerable to renewed downside pressure. Featured image from ChatGPT, chart from TradingView.com

Circle’s slow but steady expansion into the Middle East has taken a decisive step forward, as the USDC issuer secured a Financial Services Permission (FSP) license from Abu Dhabi Global Market (ADGM). Related Reading: Shiba Inu Whales Spike To 6-Month High: What’s Brewing? The move positions the company at the center of the UAE’s growing digital-asset ecosystem, strengthening its ability to scale stablecoin adoption across the region. For a market actively developing clearer regulatory frameworks and attracting global crypto players, Circle’s entry underscores the central role stablecoins have come to play in payment infrastructure and cross-border finance. ETH's price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Circle Secures ADGM Approval and Expands Regional Strategy The license, granted by ADGM’s Financial Services Regulatory Authority, permits Circle to operate as a regulated Money Services Provider within the financial free zone. This follows preliminary approval earlier this year and gives the firm formal permission to offer USDC-powered payment, settlement and on-chain financial tools to businesses and institutions across the UAE. Alongside the approval, Circle appointed Dr. Saeeda Jaffar as managing director for the Middle East and Africa. A long-time payments executive with leadership experience at Visa and major consulting firms, she will guide Circle’s expansion efforts, deepen local partnerships, and help integrate USDC into regional prospects. Her appointment reflects Circle’s intent to localize operations and strengthen ties with banks, enterprises, and government entities. UAE Supports Push Toward Regulated Digital Finance Circle’s regulatory milestone comes as the UAE increases its efforts to build an institutional-grade digital asset ecosystem. ADGM and Dubai’s DIFC have both issued stablecoin and token frameworks designed to offer clarity for companies operating in the sector. USDC and EURC were recognized earlier this year under Dubai’s crypto token regime, providing Circle with visibility across both major financial zones in the country. The approval also coincides with a wave of regulatory progress for other major players. Binance received full authorization to operate its global platform under ADGM oversight this week, while Tether secured recognition for USDT across multiple blockchain networks. These developments show how Abu Dhabi is positioning itself as a global hub for regulated stablecoin activity, driven by remittance demand, trade flows, and a growing emphasis on compliance. Stablecoin Adoption Enters New Phase The UAE’s structured approach comes at a time when stablecoins are gaining broader acceptance in global finance. With regulatory guardrails expanding internationally and stablecoins increasingly used for cross-border payments, Circle’s license opens the door for wider USDC adoption in corporate finance, developer applications, and digital-asset settlement. Related Reading: Bitcoin Speculation Muted: Glassnode Analyst Calls Perps A ‘Ghost Town’ For Circle, the ADGM license marks a pivotal foothold in one of the world’s fastest-moving regulatory environments. For the UAE, it reinforces an ambition to lead in compliant digital-asset innovation while shaping standards for a rapidly evolving sector. Cover image from ChatGPT, ETHUSD chart from Tradingview

Early PeerDAS performance is proof that the Ethereum Foundation can now ship complex networking improvements at scale.