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Ethereum price started a recovery wave above $2,950. ETH is now consolidating and might soon attempt another recovery wave if it clears $3,050. Ethereum started a decent upward move above the $2,950 zone. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,050 zone. Ethereum Price Eyes More Gains Ethereum price started a decent increase from $2,775, like Bitcoin. ETH price was able to surpass the $2,850 and $2,880 resistance levels to enter a positive zone. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $3,175 swing high to the $2,775 low. Moreover, there was a break above a bearish trend line with resistance at $2,920 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,950 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,020 level and the 61.8% Fib retracement level of the downward move from the $3,175 swing high to the $2,775 low. The next key resistance is near the $3,050 level. The first major resistance is near the $3,080 level. A clear move above the $3,080 resistance might send the price toward the $3,150 resistance. An upside break above the $3,150 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,220 resistance zone or even $3,250 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,050 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 $2,915 zone. A clear move below the $2,915 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 losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,915 Major Resistance Level – $3,050

The price of Ethereum endured significant selling pressure over the past week, reflecting the current climate of the crypto market. The latest data shows that the spot US-based Ethereum ETFs (exchange-traded funds) did not have it any better, as significant capital flowed out of the market in the past week. Ethereum ETFs Weekly Outflow Exceeds $600 Million In a Quicktake post on the CryptoQuant platform, market pundit CryptoOnchain revealed an overwhelming exodus of institutional capital from the Ethereum market. More specifically, the analyst highlighted that over $600 million in capital flowed out of the US-based spot Ethereum ETFs over the past week.  The relevant indicator here is the ETH ETF Net Flow metric, which monitors the net movement of capital (in millions of USD) into or out of the Ethereum exchange-traded fund market. Related Reading: Why XRP Price Is Playing Catch-Up Despite Successful ETF Launch: Analyst BlackRock’s iShares Ethereum Trust (with the ticker ETHA) is the primary contributor to the massive outflows witnessed by the Ethereum ETFs in the past week. CryptoQuant’s data shows that about $470 million in value was withdrawn from ETHA in the last trading week. Fidelity’s Ethereum Fund (ticker: FETH) also registered a notable amount in net outflows, as around $35 million was withdrawn by investors. Grayscale’s Ethereum ETF (ETHE) also posted significant net outflows of approximately $49 million in the past week. What The Outflow Means For Ethereum Price In normal conditions, the Ethereum ETFs tend to provide substantial price stability and institutional support for the ETH price. However, these products could also be a source of immense volatility for the market, depending on their investor behavior.  Typically, waves of ETF outflows indicate a reduction in institutional risk appetite for Ethereum. CryptoOnchain explained that when the week begins with reduced exposure from institutional participants, their not-so-optimistic sentiment becomes apparent in the market, as price nosedives, too. The lack of institutional demand could, in turn, make it difficult for Ethereum to defend its immediate support levels.  Moreover, this could mean that institutional interest sits at price levels further south of the Ethereum price. This creates a vacuum of demand beneath the current price levels, which short-term traders in general may have trouble filling.  Until ETF flows begin ascending towards positive values, the Ethereum market could be in for more bearish pressure. It, then, becomes very likely that the ‘king of altcoins’ would revisit lower support levels. Hence, it is important that investors involve themselves in the market with utmost caution. As of press time, Ethereum is valued at approximately $2,975, with no significant price movement in the past day.  Related Reading: Major Ethereum Metric Just Hit A New All-Time High – Can Price Reclaim $3,000? Featured image from Shutterstock, chart from TradingView

Ethereum’s derivatives market is showing signs of a decisive shift beneath the surface, and price action is about to return above the $3,000 mark. On-chain data suggests trader behavior on major exchanges is shifting into a more accumulative phase. Even as ETH continues to linger below the psychologically important $3,000 price level, this metric indicates that market participants are already preparing for a bullish move and a test of direction in the days ahead. Related Reading: XRP ETFs Grow Past $60M As Price Struggles To Respond Ethereum Leverage Ratio Prints New All-Time High Data from on-chain analytics platform CryptoQuant shows that Ethereum’s Estimated Leverage Ratio on Binance has climbed to 0.611, the highest level ever recorded for this metric. The Estimated Leverage Ratio compares open interest to exchange reserves, and this offers insight into how much borrowed capital traders are deploying relative to available liquidity. Sustained increases in this ratio are a reflection of an increase in risk appetite from investors. It means that traders are committing larger leveraged positions in anticipation of favorable price movement. The current reading surpasses previous cycle peaks, and this environment can amplify price moves, since even modest spot price changes can trigger large liquidations when leverage is elevated. Ethereum: Estimated Leverage Ratio – Binance: CryptoQuant Another important metric points to an increase in Ethereum demand alongside record leverage. This metric is in the form of the Taker Buy Sell Ratio, which recently spiked to 1.13 on Binance. This is interesting because this level was last observed in September 2023. A reading above 1 indicates that market participants are executing more buy orders than sell orders. This combination of strong taker demand and rising leverage reveals optimism is now dominating short-term sentiment. The chart below shows the spikes in the Taker Buy Sell Ratio have more often than not coincided with periods of increased volatility. This buying pressure is now notable, with Ethereum trading around $2,900 in the past few hours, and this means that many traders are positioning ahead of a potential attempt to reclaim $3,000.  Ethereum: Taker Buy Sell Ratio – Binance. Source: CryptoQuant Analyst Maps Out Ethereum’s Path Back Above $3,000 Adding a price-based perspective to the on-chain signals, crypto analyst Ted Pillows has outlined a clear technical roadmap for Ethereum’s next move. According to his analysis, ETH recently tapped into an important demand zone between $2,700 and $2,800 and has started to rebound from that area. This move occurred when Ethereum broke below $3,000 again this week to reach a low of $2,781 on December 18, which is highlighted on the chart below as a major support band. Ethereum Price Chart. Source: @TedPillows On X Pillows noted that holding this support zone keeps the bullish structure intact. If buyers continue to defend the $2,700-$2,800 range, Ethereum could build enough momentum for a push to the $3,100 to $3,200 region. That zone also sits just above the psychologically important $3,000 level.  Related Reading: Bitcoin Feels The Weight Of Quantum Risk Concerns, Industry Leaders Warn The downside scenario is equally clear. A failure to hold the current support would expose Ethereum to a deeper pullback, with the chart pointing toward a potential retest of the $2,500 level. Featured image from Pexels, chart from TradingView

On-chain data shows the Ethereum exchange netflow has witnessed a negative spike during the past week, a potential sign that investors have been accumulating. Ethereum Exchange Netflow Has Been Red For The Past Week As pointed out by institutional DeFi solutions provider Sentora in a new post on X, Ethereum has seen net outflows from exchanges in the past week. The indicator of relevance here is the “Exchange Netflow,” which measures the net amount of ETH that’s moving into or out of wallets connected with centralized exchanges. When the value of this metric is positive, it means the investors are depositing a net number of tokens to these platforms. As one of the main reasons why holders deposit their coins to exchanges is for selling-related purposes, this kind of trend can be bearish for the asset’s price. Related Reading: Bitcoin & Ethereum Diverge: Longs Dominate BTC, While ETH Shorts Rise On the other hand, the indicator being below zero suggests outflows are dominating the inflows on exchanges. Such a trend can be a sign that investors are in a phase of accumulation, which can naturally be bullish for the cryptocurrency. As the data shared by Sentora shows, Ethereum has seen a weekly Exchange Netflow value of -$978.45 million, indicating that traders have made a massive amount of net withdrawals. The significant outflows have come as Ethereum has witnessed a decline during the past week. As Sentora explains: This signals aggressive accumulation where investors are likely “buying the dip” and withdrawing assets to cold storage or on-chain environments, tightening the liquid supply despite the negative price momentum. Related Reading: Ethereum Risks Slide To $2,000 If December Closes Below This Level: Analyst The price drawdown in the past week has also accompanied a drop in the total transaction fees on the network, meaning that transfer activity has gone down. The blockchain saw about $2.64 million in fees over the last week, which is more than 15% down week-over-week. ETH Saw A Brief Visit Under $2,800 Before Rebounding Ethereum observed a decline to $2,780 on Thursday, but the asset was able to bounce back as it’s now floating just under $3,000. Interestingly, ETH’s bottom was around the same level as a major on-chain supply cluster, as a chart shared by analyst Ali Martinez in an X post shows. In the graph, Martinez has attached the data of the Ethereum UTXO Realized Price Distribution (URPD) from on-chain analytics firm Glassnode. This metric basically tells us how much ETH supply was last transacted at the various price levels that the coin has visited in its history. There is a huge supply zone located at $2,772 on the URPD, suggesting a large amount of investors have their cost basis at it. Generally, such levels act as a support boundary during downtrends, as traders who purchased there buy the dip to defend it. Featured image from Dall-E, Sentora.com, chart from TradingView.com

CryptoQuant has released a new report, highlighting a significant shift in Ethereum’s exchange supply dynamics and institutional behavior. According to the data, the amount of ETH held on crypto exchanges has crashed to unexpected lows. The decline coincides with growing institutional accumulation, a trend often viewed as an early signal of a bullish price outlook. Ethereum Exchange Balances Fall To 2016 Lows Arab Chain, a crypto analyst on CryptoQuant, revealed that Ethereum’s exchange supply ratio across all tracked platforms has declined to approximately 0.137. According to the data referenced in the report, this represents one of the lowest readings observed since 2016.  Related Reading: Ethereum 2-Year Trend Maps Out This Unique Crash Path To Bottom At $2,187 The analyst emphasized that this metric reflects the proportion of total ETH supply currently held on exchanges relative to the overall circulating supply.  Lower levels of this metric reflect a smaller fraction of ETH ready for liquidation on exchanges, which the analyst identifies as an important factor in understanding market liquidity conditions.  Arab Chain also noted that the sustained decline in this ratio indicates a continued outflow of ETH from centralized exchanges to external wallets. This movement suggests that a smaller portion of Ethereum’s supply is readily available for trading. It also signals growing confidence among holders who prefer long-term positioning over short-term speculation.  From a broader market perspective, a shrinking exchange supply is often seen as bullish for prices due to basic supply-and-demand dynamics. When fewer coins are available to sell, even a slight increase in demand can push prices up, as buyers compete for a smaller pool of liquid ETH. Reduced liquidity can also limit the intensity of declines, as large sell orders become harder to execute without moving the market.  In his report, Arab Chain references historical behaviour, illustrated by a chart showing the Ethereum supply ratio for all exchanges. The analyst noted that similar declines in exchange supply have occurred during periods of reaccumulation or in the lead-up to stable price movements following significant market volatility.  Ethereum Supply On Binance Crashes Arab Chain has also shared insights on Ethereum’s supply on Binance. The analyst disclosed that ETH balances on the exchange have been steadily declining over the past few months. As one of the largest crypto exchanges in the world, Binance’s reserve changes often reflect broader market sentiment.  Related Reading: Why Did The Bitcoin, Ethereum, And XRP Prices Crash, And Will It Continue? The CryptoQuant report highlights that the Exchange Supply Ratio on Binance has crashed to 0.0325, a relatively low level compared to previous months. This indicates a steady withdrawal of ETH from the crypto exchange, reducing the amount of tokens available for immediate spot market selling.  Arab Chain suggested that the drop in Ethereum supply on Binance shows that traders are becoming more cautious. Rather than engaging in short-term trades, many appear to be holding ETH off exchanges due to ongoing market volatility and uncertainty. The analyst added that the falling supply, combined with ETH’s price stability, indicates lower selling pressure. It also signals that the market may be entering a new phase of liquidity absorption and repositioning. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum has been struggling to regain traction below the $3,000 level since Monday, with repeated rejection attempts reinforcing a fragile market structure. Bulls continue to lose ground as upside momentum fades, while sentiment across the market remains dominated by apathy and underlying fear. Related Reading: Bitcoin Faces Elevated Downside Risk: Loss Selling Takes Hold As STH SOPR Falls Below 1 Trading activity has thinned, relief rallies have been short-lived, and many participants appear hesitant to commit capital in a market that lacks clear directional conviction. As price drifts sideways under key resistance, the broader narrative has shifted from optimism to caution. Despite this weak price action, on-chain derivatives data tells a more complex story. According to a CryptoQuant report, Ethereum’s derivatives market on Binance is reaching record levels, highlighting a sharp rise in risk appetite and speculative positioning among traders. Leverage across ETH contracts has expanded significantly, suggesting that market participants are increasingly willing to take on risk in anticipation of a directional move. This behavior points to growing optimism beneath the surface, even as spot price struggles to reflect it. The divergence between subdued price action and rising derivatives exposure creates a tense market environment. Ethereum Leverage Reaches Extreme Levels The CryptoQuant analysis by CryptoOnchain highlights a critical shift in Ethereum’s derivatives landscape, underscoring how speculative positioning has reached extreme levels. According to the data, Ethereum’s Estimated Leverage Ratio (ELR) on Binance has surged to 0.611, marking a new all-time high for this metric. A rising ELR indicates that traders are taking on increasingly large leveraged positions relative to the exchange’s reserves. At the same time, the report explains that buying aggression has intensified. On December 19, the Taker Buy Sell Ratio spiked to 1.13, a level not observed since September 2023. A ratio above one indicates that aggressive buyers are dominating order flow, with traders actively lifting offers rather than passively waiting. This combination of elevated leverage and strong taker buying reflects a market leaning heavily toward bullish expectations. The convergence of these two indicators sends a clear message: traders are not only optimistic about Ethereum’s price trajectory, but they are also willing to assume substantial risk to express that view. However, this structure comes with meaningful downside risks. While high leverage can amplify upside momentum and fuel a breakout through resistance, it also creates fragility. With leverage at historic highs, even a modest price pullback could trigger cascading liquidations, increasing the probability of a sharp “long squeeze” and sudden volatility. Related Reading: Legendary Bitcoin OG Deepens Ethereum Bet Despite Losses Exceeding $70 Million ETH Price Struggles Below as Bearish Structure Persists Ethereum’s price action on the daily chart reflects a market attempting to stabilize after a prolonged corrective phase, but still trapped below critical resistance levels. ETH is currently trading around the $2,950 area after a short-term rebound, yet the broader structure remains fragile. The recent bounce has pushed price back toward the descending short-term moving average, but ETH continues to trade below both the 100-day and 200-day moving averages, which are now acting as dynamic resistance rather than support. Structurally, Ethereum has formed a series of lower highs since the October peak near $4,800, confirming a clear downtrend on the medium-term timeframe. The failure to reclaim the $3,200–$3,300 zone is particularly notable, as this area previously acted as strong support during the uptrend and has now flipped into resistance. As long as ETH remains below this range, bullish attempts are likely to be sold into. While the latest rebound came with a modest increase in volume, it remains well below the levels observed during impulsive upside moves earlier in the year. This suggests short-covering or tactical buying rather than strong spot demand. Related Reading: From Cycles To Continuity: Why Bitcoin’s 4-Year Pattern May Be Breaking On the downside, the $2,800–$2,750 region stands out as immediate support. A decisive break below this zone would expose ETH to a deeper retracement toward the $2,500 area. For the bearish structure to weaken meaningfully, Ethereum must reclaim the $3,200 level and hold above its key moving averages with expanding volume. Featured image from ChatGPT, chart from TradingView.com

Data shows Bitcoin and Ethereum have formed a divergence in the Funding Rate indicator, with traders going long on BTC, short on ETH. Bitcoin & Ethereum Funding Rates Are Showing Opposite Values In a new post on X, on-chain analytics firm Santiment has talked about how the Funding Rate has developed for Bitcoin and Ethereum amid the latest market volatility. Related Reading: Ethereum Risks Slide To $2,000 If December Closes Below This Level: Analyst Bitcoin and other cryptocurrencies saw some sudden price swings during the past day, with BTC’s price first rallying to $90,300 in a blink, but then crashing back toward $86,000 just as quickly. The coin’s decline later extended to $85,300. While BTC returned to about the same levels as before the flash surge, the same wasn’t true about Ethereum. After its rally to $3,000, ETH plummeted to $2,830, before another leg down to about $2,790. Before the volatility storm, the cryptocurrency was trading around $2,920. The difference in price action could be a potential factor behind the divergence that has formed in the derivatives market sentiment as gauged by the Funding Rate. The Funding Rate keeps track of the periodic amount of fees that derivatives traders are paying on all centralized exchanges. A positive value on the indicator is a sign that long investors are paying the short ones, while a negative one implies bearish positions outweigh the bullish ones. Now, here is the chart shared by Santiment that shows how the Funding Rate has changed for Bitcoin and Ethereum over the past month: As displayed in the above graph, the Bitcoin Funding Rate has been positive for the last few days, indicating that a bullish mentality has been dominant among the traders. This sentiment has been maintained even after the price volatility. Ethereum was also observing a positive value on the Funding Rate prior to the volatility, but unlike for BTC, the trend didn’t last. Since ETH has gone through its quick surge and flash crash, the indicator has turned red, a sign that shorts have started outpacing longs. The fact that bullish sentiment around ETH has weakened, however, may not actually be negative. According to Santiment, highly leveraged long positions have historically led to sharp liquidation events and volatility. This trend was also seen during some recent tops and pullbacks. Thus, considering that the Funding Rate is negative for Ethereum now, the risk of volatility may be lower. That said, Bitcoin’s long-heavy market could still be relevant for the cryptocurrency. Related Reading: Bitcoin Could Be Sub-$50,000 By 2028 Without Quantum Fix, Warns Capriole Founder As Santiment explains, “all assets will still move with Bitcoin, meaning Bitcoin’s funding rates must stay neutral or go negative in order to justify a clear path back to $100K and for altcoins to rebound.” BTC Price Bitcoin has recovered back to $87,100 following its plunge on Wednesday. Featured image from Dall-E, Santiment.net, chart from TradingView.com

Ethereum price failed to stay above $2,950 and declined again. ETH is now consolidating and might soon aim to attempt another recovery wave if it clears $2,850. Ethereum started a fresh decline below the $2,920 zone. The price is trading below $2,900 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,925 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,800 zone. Ethereum Price Faces Renewed Selling Pressure Ethereum price attempted a fresh increase but struggled above $2,950, like Bitcoin. ETH price dipped below $2,920 and $2,900 to enter a bearish zone. The bears even pushed the price below $2,820. A low was formed at $2,775 and the price is now consolidating losses well near the 23.6% Fib retracement level of the downward move from the $2,993 swing high to the $2,775 low. Ethereum price is now trading below $2,870 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $2,925 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $2,850 level. The next key resistance is near the $2,880 level and 50% Fib retracement level of the downward move from the $2,993 swing high to the $2,775 low. The first major resistance is near the $2,925 level and the trend line. A clear move above the $2,925 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,080 resistance zone or even $3,120 in the near term. Downside Continuation In ETH? If Ethereum fails to clear the $2,850 resistance, it could start a fresh decline. Initial support on the downside is near the $2,800 level. The first major support sits near the $2,775 zone. A clear move below the $2,775 support might push the price toward the $2,720 support. Any more losses might send the price toward the $2,640 region. The next key support sits at $2,620. 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 below the 50 zone. Major Support Level – $2,775 Major Resistance Level – $2,880

Ethereum is facing renewed selling pressure as the broader market struggles with fear, uncertainty, and growing bearish expectations. After weeks of weakness, many analysts are now openly calling for a prolonged bear market stretching into 2026, arguing that Ethereum remains below key structural levels and lacks strong momentum. Related Reading: From Cycles To Continuity: Why Bitcoin’s 4-Year Pattern May Be Breaking Bulls are attempting to defend the $2,800 mark, a level that has become critical for maintaining short-term confidence, but price action continues to reflect hesitation rather than conviction. Volatility remains elevated, and market sentiment is dominated by caution rather than optimism. Against this fragile backdrop, on-chain data reveals a notable divergence between price action and behavior from experienced market participants. According to data from Hyperdash, the Bitcoin OG, known for shorting the market during the October 10 crash, has once again increased his exposure to Ethereum. This trader, widely followed for his high-conviction and well-timed positioning, just added another 12,406 ETH to his long positions, signaling confidence at current price levels despite the prevailing bearish narrative. While retail sentiment weakens and analysts debate deeper downside scenarios, strategic accumulation by seasoned players suggests that Ethereum may be approaching a decisive phase. Whether this marks early positioning ahead of a recovery or a high-risk bet in a deteriorating market remains the key question ahead. A High-Conviction Bet Under Pressure Lookonchain reports that the Bitcoin OG continues to hold substantial, high-conviction positions across multiple assets, despite the ongoing market weakness. According to the latest data, his current exposure includes 203,341 ETH valued at approximately $577.5 million, 1,000 BTC worth around $87 million, and 250,000 SOL valued near $30.7 million. This level of concentration highlights a willingness to endure significant volatility rather than reduce risk in an increasingly uncertain environment. That conviction, however, has come with meaningful drawdowns. The wallet is now down more than $70 million from its peak. At one point, unrealized profits exceeded $120 million, but recent price declines have reduced that figure to less than $30 million. The swing illustrates how quickly market conditions can shift, even for traders with a strong track record and well-timed entries in the past. From a broader market perspective, this positioning reflects a sharp contrast between sentiment and behavior. While many participants have turned defensive and analysts debate the likelihood of a prolonged bear market, this wallet remains heavily exposed, suggesting a belief that current levels may still offer asymmetric upside. At the same time, the drawdown serves as a clear reminder that size and conviction do not remove risk in a structurally fragile market. Related Reading: Bitcoin Structure Turns Bearish As Structural Indicators Flip Negative Ethereum Tests Structural Support Amid Growing Pressure Ethereum’s weekly chart highlights a clear loss of momentum after the rejection near the $4,800–$5,000 region, followed by a sharp retracement toward the $2,800–$2,900 zone. Price is currently trading below the 50-week moving average and hovering near the 100-week MA, a level that historically acts as an important inflection point for medium-term trend direction. The failure to hold above the short-term averages confirms that sellers have regained control of the structure. From a trend perspective, ETH remains above the rising 200-week moving average, which continues to define the long-term bullish framework. However, the widening gap between the faster and slower averages has started to compress, signaling a transition phase rather than trend continuation. Volume has expanded on down weeks, reinforcing the idea that recent downside moves are driven by active distribution rather than passive consolidation. Related Reading: XRP Liquidity Dries Up: Futures Buy Volume On Binance Falls from $5.8B to $250M The $2,800 area now represents a critical demand zone. A sustained hold above this level would suggest that the correction is a controlled pullback within a broader range. Conversely, a weekly close below it would expose ETH to a deeper retracement toward the $2,400–$2,500 region, where the 200-week MA and prior consolidation converge. Overall, the chart reflects a market caught between long-term structural support and short-term bearish momentum. Ethereum needs a decisive reclaim of the 50-week moving average to neutralize downside risk and restore confidence in trend continuation. Featured image from ChatGPT, chart from TradingView.com

In its latest report, asset manager and exchange-traded fund (ETF) issuer, Bitwise, has shared an optimistic 2026 outlook for the crypto market, anticipating significant growth, while predicting new all-time highs for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Megatrends In Crypto?  Bitwise begins by asserting that Bitcoin is poised to break free from its traditional four-year price cycle, setting the stage for new records. Several factors contribute to this bullish forecast.  The dynamics of past cycles, including the Bitcoin Halving, interest rate fluctuations, and market booms and busts fueled by leverage, are expected to be less impactful in the coming years.  Related Reading: Bitcoin Bottom Forecast: Top Expert Predicts $40,000 Target Next Year, Here’s The Analysis Notably, the entry of large institutions like Citi, Morgan Stanley, Wells Fargo, and Merrill Lynch into the crypto space is anticipated to accelerate institutional allocations toward spot ETFs and enhance on-chain developments by 2026.  As a result, Bitcoin is projected to become less volatile, even indicating that it has demonstrated lower volatility than tech giant Nvidia throughout 2025.  The report also expresses strong optimism for Ethereum and Solana, particularly contingent upon the passing of the CLARITY Act. Bitwise believes that the growth of stablecoins and tokenization represents significant “megatrends,” with both Ethereum and Solana positioned to be the primary beneficiaries of this trend. ETFs To Acquire New Market Supply Institutional demand is forecasted to surge, with ETFs expected to acquire more than 100% of the new supply of Bitcoin, Ethereum, and Solana. By 2026, Bitwise expects that most institutional investors will have access to crypto ETFs.  As Bitwise projects the new supply hitting the market, estimates indicate roughly 166,000 Bitcoin valued at $15.3 billion, 960,000 Ethereum around $3.0 billion, and 23 million Solana coins amounting to $3.2 billion. However, the firm anticipates that ETFs will likely purchase even more than these figures suggest. The report further highlights that crypto equities are expected to outperform traditional tech stocks. While tech shares have surged by 140% over the past three years, crypto equities have significantly outpaced them.  The Bitwise Crypto Innovators 30 Index, which tracks companies providing crucial infrastructure and services for crypto assets, has rocketed by 585% during the same time frame. Bitwise believes this momentum will persist into 2026, driven by potential revenue growth, mergers and acquisitions, and a favorable regulatory landscape. Stablecoins As Scapegoats For Economic Woes As stablecoins gain traction, Bitwise cautions that they may become scapegoats for destabilizing emerging market currencies. Currently valued at nearly $300 billion, the market for stablecoins, which include tokenized versions of the US dollar like USDT and USDC, is predicted to reach $500 billion by the end of 2026.  With this rise, it’s anticipated that one or two countries may blame stablecoins for their financial troubles, despite the reality that people would not turn to stablecoins if their local currencies were stable. Related Reading: Cantor Fitzgerald Projects Major Growth For Hyperliquid (HYPE) In Explosive New Report Additionally, Bitwise forecasts the launch of over 100 crypto-linked ETFs in the United States, following the SEC’s issuance of new listing standards that enable these funds to enter the market under a unified regulatory framework. This regulatory clarity sets the stage for what Bitwise dubs “ETF-palooza” in 2026. Lastly, the firm predicts that half of Ivy League endowments will likely invest in cryptocurrencies, and that on-chain vault assets under management will double in the coming years. At the time of writing, Bitcoin was trading at $86,165, having recorded major losses of 2% and almost 7% over the past 24 hours and seven days respectively. Currently, the leading crypto is trading 31.8% below its all-time high of $126,000.  Featured image from DALL-E, chart from TradingView.com 

A cryptocurrency analyst has explained where Ethereum could go next based on a long-term Parallel Channel forming in its monthly price chart. Ethereum Has Been Trading Inside A Parallel Channel For The Last Few Years In a new post on X, analyst Ali Martinez has talked about a long-term pattern that Ethereum has appeared to have been following for the last few years. The pattern in question is a “Parallel Channel” from technical analysis (TA), which forms whenever an asset’s price trades between two parallel trendlines. Related Reading: Bitcoin Could Be Sub-$50,000 By 2028 Without Quantum Fix, Warns Capriole Founder The upper level of a Parallel Channel is likely to facilitate top formations in the asset, while the lower one can act as a support boundary and allow the price to remain above it. Parallel Channels can be of a few different types depending on how the lines are oriented with respect to the graph axes. If the channel has some slope, it falls into either the Ascending or Descending categories. Naturally, it’s the former when the lines are angled upward and latter when they are downward. In the context of the current topic, the simplest type of Parallel Channel is of relevance: a channel that has zero slope. That is, a pattern with lines that are parallel to the time-axis. As an asset trades inside such a channel, it experiences consolidation in an exactly sideways manner. If one of the levels of the pattern break, a sustained continuation of trend may occur in that direction. This means that a surge above the resistance can be a bullish signal, while a fall under support a bearish one. Now, here is the chart shared by Martinez that shows the Parallel Channel that the monthly price of Ethereum has been trading inside for the last few years: As displayed in the above graph, the recent bearish wave in Ethereum has meant that its 1-month price has retraced to the midway line of the Parallel Channel located at $2,930. Martinez has noted that if ETH closes December below this level, a decline to lower levels could occur. The next potential support is situated at $2,000, corresponding to the 25% mark of the Parallel Channel. The cryptocurrency found support around this line in the starting months of 2025. In the scenario that this level also fails, Ethereum may be looking at a fall to the bottom line of the Parallel Channel at $1,090. The asset last retested it back in 2022 and successfully found support. Related Reading: Chainlink’s Top Whales Reverse Course, Quietly Scoop Up $263M In LINK It now remains to be seen how ETH will close out the month and whether one of the next two levels of the pattern will come into play. ETH Price At the time of writing, Ethereum is floating around $2,860, down over 15% in the last seven days. Featured image from Dall-E, chart from TradingView.com

Ethereum price failed to stay above $3,000 and declined further. ETH is now consolidating and might soon aim to start a recovery wave if it clears $2,880. Ethereum started a fresh decline below the $2,950 zone. The price is trading below $2,900 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,800 zone. Ethereum Price Dips To New Weekly Lows Ethereum price attempted a fresh increase but struggled above $3,000, like Bitcoin. ETH price dipped below $2,950 and $2,920 to enter a bearish zone. The bears even pushed the price below $2,850. A low was formed at $2,790 and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $3,175 swing high to the $2,790 low. Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $2,880 level. The next key resistance is near the $2,920 level and trend line. The first major resistance is near the $2,980 level and the 50% Fib retracement level of the downward move from the $3,175 swing high to the $2,790 low. A clear move above the $2,980 resistance might send the price toward the $3,030 resistance. An upside break above the $3,030 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,150 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,880 resistance, it could start a fresh decline. Initial support on the downside is near the $2,800 level. The first major support sits near the $2,780 zone. A clear move below the $2,780 support might push the price toward the $2,740 support. Any more losses might send the price toward the $2,625 region. The next key support sits at $2,550. 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 – $2,780 Major Resistance Level – $2,920

Ethereum’s (ETH) recent pullback is starting to reflect more than short-term price volatility. As ETH trades below the $3,000 mark, a combination of heavy liquidations, declining network activity, and sustained institutional outflows is reinforcing concerns about weakening demand. Related Reading: Chainlink’s Top Whales Reverse Course, Quietly Scoop Up $263M In LINK While prices have so far held above key support levels, multiple indicators suggest that selling pressure remains firmly in place, leaving the market in a cautious holding pattern. Over the past week, Ethereum has fallen roughly 12%, underperforming several major assets during a broader market correction. The drop pushed ETH briefly toward the $2,850–$2,900 zone, triggering over $200 million in liquidation, one of the largest liquidation events in recent months. ETH's price trends slightly upwards on the daily chart. Source: ETHUSD on Tradingview Network Activity and Ethereum ETF Flows Signal Waning Participation Beyond price action, Ethereum’s on-chain metrics are showing signs of cooling participation. Weekly active addresses fell from around 440,000 earlier in the quarter to roughly 324,000 in December, marking the lowest level since May. Transaction counts have also dropped to mid-year lows, pointing to reduced engagement from both retail and institutional users. At the same time, U.S. spot Ethereum ETFs continue to see persistent outflows. Data from SoSoValue shows more than $224 million exiting ETH ETFs over several consecutive sessions, led primarily by BlackRock’s ETHA fund. Since mid-December, the total net assets across U.S. spot ETH ETFs have declined by more than $3 billion, suggesting that institutions are trimming their exposure rather than adding to positions. The Coinbase Premium Index turning negative further supports the view that U.S.-based selling pressure has returned. Whale Selling and Technical Structure Keep Risks Skewed Lower Large holders have added to near-term pressure. On-chain data shows more than 28,500 ETH sold by a handful of whale wallets within a short period, including transactions exceeding $80 million in total value. Despite this distribution, ETH has so far avoided a sharp breakdown, with buyers repeatedly defending levels near $2,880. From a technical standpoint, Ethereum remains in a medium-term downtrend. Price continues to trade below key moving averages, while momentum indicators such as RSI remain below neutral levels. Related Reading: Bitcoin ‘Death Cross’ Panic Returns: History Says It’s A Late Signal Resistance is clustered between $3,050 and $3,120, and failure to reclaim that zone leaves ETH vulnerable to another test of $2,800. If that support gives way, analysts point to the $2,400–$2,600 range as the next area of interest. Cover image from ChatGPT, ETHUSD chart from Tradingview

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