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Standard Chartered has set a new long-range target of $40,000 for Ethereum (ETH) by end-2030, while cutting its end-2026 forecast sharply, arguing that Ethereum’s relative setup is improving even as Bitcoin-led weakness has weighed on absolute crypto price targets. In a research note, the bank’s digital assets analyst Geoff Kendrick framed 2026 as a potential inflection point for Ethereum versus bitcoin, despite revising down its medium-term ETH-USD path. “We think ETH’s prospects have improved. We therefore expect the cross to gradually return to its 2021 highs,” Kendrick wrote, pointing to a rebound in the ETH/BTC relationship as the core expression of his thesis. Standard Chartered Recasts Ethereum Outlook Standard Chartered now expects ether to end 2026 at $7,500, down from its prior $12,000 estimate, before rising to $15,000 in 2027 (cut from $18,000) and $22,000 in 2028 (cut from $25,000), with $30,000 penciled in for 2029 (raised from $25,000) and $40,000 by end-2030. Related Reading: This Ethereum Triangle Breakout Puts Price Above $24,000, Here’s The Path “I think 2026 will be the year of Ethereum, much like 2021 was,” Kendrick writes. The bank attributes the near-term markdown to Bitcoin’s drag on dollar-denominated crypto performance, with Kendrick noting that weaker BTC action has “weighed on the outlook for digital assets priced in dollars,” forcing lower absolute targets through 2028 even as Ethereum’s relative fundamentals strengthen. Kendrick highlighted a set of Ethereum-specific supports that, in his view, are more likely to show up in relative performance than in immediate spot-price upside. He pointed to continued accumulation by Bitmine Immersion Technologies, which the note described as the largest Ethereum-focused digital asset treasury company, at a time when ETF inflows have “temporarily stalled” and broader corporate treasury buying has cooled. Related Reading: Ethereum Long-Term Cost Basis Holds Firm: Structural Floor Forms Near $2.8K He also cited Ethereum’s centrality to stablecoins, tokenized real-world assets, and DeFi as structural demand drivers, and emphasized execution on plans to increase Ethereum layer-1 throughput by roughly 10x over the next two to three years. “Analysis shows that higher throughput translates into higher market cap,” Kendrick wrote. Regulation was flagged as a further potential tailwind. Kendrick pointed to the US CLARITY Act as a development that could be supportive for the sector and “particularly ETH” if it helps unlock another phase of DeFi activity. The US Senate is due to review the bill on Jan. 15 with possible passage in Q1. For traders, the framework implies that Standard Chartered’s highest-conviction expression is less about pinning an exact ETH-USD level in the next 12 months and more about whether Ethereum can reclaim relative ground versus bitcoin as throughput, stablecoin-heavy activity, and policy clarity compound into 2026 and beyond. At press time, ETH traded at $3,126. Featured image created with DALL.E, chart from TradingView.com

Ethereum is nearing a decisive phase that could unlock a major long-term price expansion. A higher-timeframe analysis shared by a TradingView analyst suggests that, despite current short-term weakness, Ethereum remains structurally positioned for a significant upside move. If the ongoing formation resolves as expected, the projected breakout places Ethereum’s price well above $24,000. Ethereum’s Long-Term Structure Remains Intact From a broader perspective, the analyst emphasizes that Ethereum has not broken its established trend since 2020. Over that period, price action has continued to form higher highs, reinforcing the view that the long-term structure remains valid. Rather than signaling failure, the prolonged consolidation seen over recent years is framed as stabilization within a large and defined range. Related Reading: Analyst Predicts Strongest XRP Price Rally In History Is Coming, Here’s Why This range sits between $1,000 and $3,000, with the $1,000 level identified as a critical psychological and structural support. According to the analysis, Ethereum’s ability to hold above this zone is central to the bullish thesis. Remaining above it allows the asset to continue developing a massive ascending triangle, a formation often associated with strong continuation moves once completed. Within this triangle, the analyst outlines a clear progression of internal price phases. Two major legs of the structure have already formed, and Ethereum is now moving through the final phase needed to complete the setup. This phase has brought short-term bearish signals, but they remain part of the broader structure rather than a structural breakdown. As the price approaches the lower boundary of the triangle, several layers of support converge. These include the rising structural trendline and key moving averages that have historically supported Ethereum’s price. The analyst notes that stabilization and a bounce are likely in this area, provided Ethereum does not break below the triangle’s lower limit. Such a break would invalidate the structure, but current conditions suggest that risk remains contained. Why A Breakout Opens The Door To $24,000 The bullish scenario hinges on confirmation. Once the triangle is fully formed and Ethereum breaks above its upper boundary, the analyst expects a continuation move to follow. Based on the size of the formation and prior market behavior, the projected expansion points to a move of roughly 300% from current levels. When applied to Ethereum’s existing range, that expansion places the primary bullish target above $24,000. This projection is not presented as a short-term price call, but as the potential outcome of a multi-year structure finally resolving upward.  Related Reading: XRP Mirrors Gold’s Trajectory: What A Similar ATH Rally Would Mean Additional context strengthens this outlook. Ethereum continues to benefit from growing institutional participation, and recent data shows record stablecoin transfer volumes exceeding $8 trillion on the network. These developments suggest increasing reliance on Ethereum’s infrastructure, which could support sustained price expansion following a confirmed breakout. Ultimately, the analyst believes Ethereum’s next major move depends on how this consolidation phase concludes. If the structure holds and the breakout is confirmed, the path toward prices above $24,000 becomes a technical continuation rather than an outlier scenario. Featured image created with Dall.E, chart from Tradingview.com

Ethereum continues to trade within a prolonged accumulation phase, signaling that the market may be approaching a pivotal transition. As ETH/BTC firmly defends long-term cycle support, the structure points to quiet strength building beneath the surface, often a precursor to rotation and a decisive next move. Ethereum’s Inverted Monthly Chart Signals Late-Stage Accumulation EGRAG CRYPTO made a post, showing that Ethereum’s inverted monthly chart continues to reflect a familiar cyclical pattern, though with notable evolution. Each market cycle follows a similar rhythm, but as the asset matures, volatility compresses, and price behavior becomes more controlled. Related Reading: Ethereum’s Q1 Outlook: Analyst Shares Historical Setup As Price Nears Key Resistance In the first cycle, Ethereum experienced a brief accumulation phase followed by a sharp and violent drop. The second cycle extended the accumulation period, resulting in a more gradual decline. Meanwhile, in the third and current cycle, accumulation has lasted significantly longer, suggesting that any corrective phase should be comparatively shallow. It is important to note that the chart is inverted, meaning what appears as a drop on this view actually represents a breakout on the standard price chart. In this context, the current structure suggests that accumulation is nearing completion, and the market may be approaching its next decisive move. This setup points to a less explosive move compared to earlier cycles, but more controlled. From a price roadmap perspective, initial resistance is projected between $3,800 and $4,500. A successful flip of that zone into support could open the door toward the $6,000 to $7,500 region. The primary risk scenario remains a deeper retest toward the $1,800 to $2,200 range before a broader upside continuation. Why ETH/BTC Is A Key Market Barometer Right Now In a recent post on ETH/BTC, CyrilXBT emphasized that this remains one of the most important charts to monitor. Ethereum continues to defend the 2018 cycle support, consistently printing higher lows while price action tightens just below key resistance levels. This kind of compression often signals that the market is preparing for a larger move rather than breaking down. Related Reading: Here’s The Ethereum Descending Triangle Structure That Threatens A Crash Below $2,800 Importantly, there is no sign of panic or structural damage. Sellers have failed to force a decisive breakdown, while buyers continue to step in at higher levels, reinforcing the strength of the underlying support. The longer this base holds, the more meaningful the eventual breakout or rotation becomes. At this stage of the cycle, Ethereum does not need to outperform aggressively. Simply holding its relative value is usually enough to signal the early stages of capital rotation. Historically, sustained stability on the ETH/BTC pair tends to precede periods where Ethereum begins to take the lead once momentum fully returns. Featured image from Getty Images, chart from Tradingview.com

The Ethereum staking ecosystem is showing clear signs of tightening as demand for validators continues to rise. Participants now face a multi-week wait to enter the network. This growing staking queue reflects a structural shift in how ETH is being held and deployed less as a liquid supply and more as long-term productive capital. As more ETH becomes locked in validation, the dynamics of supply, yield, and network security are quietly being reshaped. Why Validator Delays Add Friction To Supply Re-Entry The current state of Ethereum staking highlights a growing problem with predictability. Crypto expert Dave has pointed out on X that the ETH staking entry queue is now showing an estimated wait of 25 days and 4 hours to enter. Previously, the wait time was around 7.55 days, which is a more than threefold increase in wait time over a relatively short period. Related Reading: Ethereum Staking Deposits Just Surpassed Withdrawals, Why This Could Send ETH Price Above $4,000 At the same time, the exit queue is reporting a wait time of 14 minutes, which previously sat for 44.25 days, representing a reduction of well over 4,000 times, from weeks to minutes. According to Dave, staking on a blockchain with this level of variance between entry and exit requirements is uncertain. Waiting weeks to enter while exit clears almost instantly makes staking behavior highly state-dependent and unpredictable.  This contract is exactly why the expert prefers staking on Cardano, because there is no entry queue. Also, delegation is reflected on-chain immediately, and stake changes are transparent and deterministic. The only delay is a fixed active stake period of two epochs, which is 10 days before delegation changes take effect.  This consistency is the difference because there are no dynamic queues, no sudden shifts, and no surprises driven by changing network states. If demand to stake on Cardano increases rapidly, it will make absolutely no difference, because predictability matters especially with monetary investments. Why Throughput Without Context Is Meaningless The headline claim of $8 trillion in stablecoin transfers on Ethereum sounds impressive, but it’s a completely meaningless metric. Crypto analyst DBCrypto noted that a single entity can move $1 billion back and forth between two wallets ten times, creating a sudden $10 billion in volume, but generating zero economic activity.   Related Reading: Big Bet On Ethereum: CEO Sees 10X TVL Growth In 2026 This is why banks don’t advertise transfer volume as a growth metric, as volume without context tells nothing about utility or growth. However, crypto continues to elevate these numbers as milestones because big figures pump bags. What’s being measured here is motion and activity, not progress or value. DBCrypto concluded that until the industry stops celebrating vanity metrics, it will continue to confuse noise for signal. Featured image from Freepik, chart from Tradingview.com

As Ethereum (ETH) recently reclaimed key levels above $3,200, the dynamics within its staking system have shifted significantly. For the first time in nearly six months, the entry queue for staking Ethereum now exceeds the exit queue, a development viewed by many as a bullish indicator for ETH prices.  Currently, a substantial 1.32 million ETH is waiting to be staked, with an average wait time of 23 days, while only about 3,000 ETH are queued for withdrawal, which takes merely an hour, indicating a net increase in locked ETH rather than unlocked coins.  Bullish Signals For Ethereum Analysts at Bull Theory suggest that historically, significant spikes in entry queues occur when investor confidence in Ethereum’s long-term potential rises. In contrast, increases in exit queues are often associated with market fear or forced sell-offs.  Presently, the landscape shows rising entry demand, decreasing exit pressure, and an overall increase in net lock-up, a combination that has frequently been observed before stronger bullish cycles for ETH. Related Reading: XRP Surges Towards $2.20: Leading Monday Gains And Driving Crypto ETF Inflows Compounding this positive sentiment is the current high level of network activity. Daily transactions on the Ethereum network are trending upwards, indicating that market participants are actively engaging with the platform rather than leaving it.  Enhanced network usage leads to increased ETH burning, contributing to a supply crunch that further supports the asset’s value. According to the analysts, institutional investment is one of the notable drivers behind the current surge in staking.  In just the past two weeks, BitMine – the public company with the largest Ethereum holdings – has staked around $2.58 billion worth of ETH, signaling a long-term commitment to the asset and suggesting growing institutional interest in the digital asset. Key Factors Suggest A Significant Upswing Ahead This development comes ahead of potential catalysts that could further boost staking demand. While the BlackRock Ethereum staking ETF is still awaiting approval, its eventual green light could grant access to a broader pool of traditional capital, thereby enhancing the overall staking demand for ETH. Additionally, ETH has successfully broken out of a three-month downward trend. If it can reclaim levels between $3,500 and $3,600, the analysts predict that a substantial rally could follow. Related Reading: Bitcoin Reaches $93,000 Amid Renewed Optimism: What To Keep An Eye On This Week As of now, ETH has recovered by 11% in the past two weeks according to CoinGecko data, positioning the token just below these key levels at $3,270. This performance has even surpassed that of Bitcoin (BTC), which has recorded gains of just 6% in the same time frame.  Taking into account additional factors such as the anticipated approval of the BlackRock ETF and the potential for regulatory clarity through the passing of the Market Structure Bill, also known as the Clarity Act, Ethereum appears to be in a strong position to experience a significant rally in 2026.  Featured image from DALL-E, chart from TradingView.com 

While Ethereum (ETH) attempts to turn a crucial level into support, some analysts have shared a bullish outlook for the cryptocurrency, which could send its price above the $4,000 barrier in the first quarter of 2026. Related Reading: Dogecoin Price On The Brink Of A 9,000% Rally To $10? What Historical Performance Shows End-Of-Year Weakness To Ignite Q1 Rally On Monday, Ethereum broke above the $3,200 barrier for the first time in nearly a month, hitting a four-week high of $3,259. The cryptocurrency has seen a 8.3% surge from the crucial $3,000 level since Friday, consolidating above the $3,100 level over the weekend. Now, the King of Altcoins is trying to hold the key resistance level and turn it into support. Amid this performance, some market observers shared a potential setup that could lead to a significant rally during the next three months. In an X post, analyst Niels affirmed that Ethereum’s quarterly close in the red is “not as bearish as it looks.” Notably, the altcoin recorded its worst Q4 in six years after closing the quarter with a negative return of 28.28%, according to CoinGlass data. This marks ETH’s first negative Q4 close since 2022, and its worst end-of-year performance since 2019, when it registered a negative return of 28.9%. Nonetheless, Niels highlighted that this opens the door for an “interesting” setup ahead of the altcoin’s expected seasonality. “History tells an interesting story: every single time ETH has finished Q4 in the red, the next Q1 has closed green,” the analyst explained, asserting that “year-end weakness has usually acted as a reset, not a reversal.” Per the post, the end-of-year leverage flush and sentiment cooling have previously enabled Ethereum to start the new year “from a cleaner base,” which has allowed the altcoin to register quarterly returns of up to 52% in recent years. “If that pattern holds, Q4 wasn’t the warning; it was the setup heading into Q1,” he suggested. Ethereum Prepares For 30% Breakout As the price records an 11% weekly surge, analyst Ted Pillows pointed out that the cryptocurrency is about to face an important zone that has served as resistance for nearly two months. Since the early November pullback, the largest altcoin by market capitalization has been trading between the $2,700-$3,400 price range, experiencing strong resistance around the $3,000 and $3,200 levels. Now that the mid-zone of the range has been momentarily reclaimed, ETH must hold its momentum and turn the upper boundary into support. “A reclaim of this level will pump Ethereum towards the $3,800-$4,000 level,” where the next major resistance is located, Ted explained on Monday morning. On the contrary, a rejection from this resistance zone could send the ETH price toward the $3,000 support, while risking a longer consolidation within its two-month range. Related Reading: Bitcoin Volatility Goes Down: BTC Records ‘Calmest Year In History’ Meanwhile, analyst Ali Martinez discussed the altcoin’s consolidation, pointing to a symmetrical triangle pattern forming on its chart. According to the analyst, Ethereum has been compressing between the pattern’s ascending and descending trendlines since November, awaiting a 30% move. If the price holds its current breakout from the upper boundary, the cryptocurrency could see a rally toward the $4,000 area in the coming weeks, positioning ETH for a retest of the Q3 levels. As of this writing, Ethereum is trading at $3,253, a 3.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum is at a pivotal crossroads after a sharp move into the $3,160 resistance zone. A clean breakout could unlock higher upside targets, while failure at this level may trigger a near-term pullback as the market searches for stronger support before its next decisive move. A Push Straight Into The $3,160 Resistance Zone Lennaert Snyder noted in a recent update that Ethereum has pushed directly into a key resistance zone around $3,160. Similar to Bitcoin, ETH saw a typical Sunday pump that carried the price straight into overhead resistance, placing the market at a key decision point. Related Reading: Ethereum Enters Overbought Levels With Weekend Pump, Why A Crash Could Be Coming With Ethereum now trading around the $3,160 level, Snyder explained that a confirmed 4-hour reclaim of the level could open the door for continuation longs. In that scenario, upside targets come in near $3,250, with $3,390 acting as the final objective. However, Snyder also cautioned that Monday sessions often fade or fully retrace Sunday-driven moves. A clear break in market structure could therefore validate short setups early in the week. If such a pullback unfolds, price may revisit lower levels in search of a higher low, potentially setting the stage for a more sustainable, smart-money-driven rally. On the downside, Snyder highlighted that a resistance-turned-support flip near $3,050 could provide an attractive entry, while a deeper sweep toward the $2,880 weak lows may also offer opportunities if demand steps in.  Ethereum Holds A Broader Structural Support On The Weekly Chart According to More Crypto Online, Ethereum is still hovering near a broader structural support zone on the weekly chart. This area continues to provide a foundation where an upside reaction remains possible, even though such a move does not need to unfold immediately. The analyst noted that price could still carve out one additional low early next year before the market reveals a clearer move. Related Reading: Ethereum ETFs Record Over $600M In Outflows — Warning Signal For Traders? The major resistance zone overhead remains the most important reference point in the current structure. How Ethereum behaves as it approaches this region will be decisive in determining which of the larger market scenarios ultimately takes control.  For now, both primary scenarios remain technically valid, and the weekly chart has not yet delivered confirmation of the market committing to a single path, keeping the broader outlook balanced and unresolved. This uncertainty reinforces the need for patience as the structure continues to develop. What will eventually shift probabilities is price action around these key zones. While the chart is not providing clear answers at the moment, it is clearly defining market conditions. These conditions are expected to help reveal Ethereum’s preferred direction in early 2026. Featured image from iStock, chart from Tradingview.com

On Monday, Bitcoin successfully reclaimed the $93,000 mark, spurred by a wave of renewed optimism that has also revitalized altcoins such as Ethereum (ETH), XRP, and Solana (SOL), all of which are experiencing recoveries not seen in nearly a month.  According to data from CoinGecko, Bitcoin has recorded a weekly surge of 7%, while Ethereum and Solana have outperformed the leading cryptocurrency with increases of nearly 9% during the same period. Notably, XRP has taken the lead, boasting a significant 15% uptrend. Large Holders Drive Bitcoin Surge A key driver behind this recent surge, especially for Bitcoin, can be attributed to large holders, or “whales,” who have acquired approximately 270,000 BTC in the last 30 days, amounting to roughly $23 billion.  Related Reading: Dogecoin Price On The Brink Of A 9,000% Rally To $10? What Historical Performance Shows Market analyst NoLimit highlighted this crucial development in a recent social media post, noting its significance: this accumulation represents 1.3% of Bitcoin’s total supply and marks the largest net buy from this group in 13 years. However, NoLimit asserts that this doesn’t imply that Bitcoin will see an immediate surge in its value. It indicates that long-term investors are aggressively positioning themselves even while the broader market sentiment remains mixed. Will BTC Establish A Macro Lower High? In the short term, though, market analyst Rekt Capital warns that despite Bitcoin hovering just above $93,400, it has closed its 12-month candle below the $93,500 mark. This suggests that the $93,500 level is likely to act as resistance moving forward.  Historical patterns across four-year cycles indicate that such resistances can hinder price movement for an extended period, often resisting for up to three years before being breached in the next Halving year. Related Reading: Venezuela, Geopolitical Risk, And Bitcoin: What On-Chain Data Really Shows Should Bitcoin indeed be in the early stages of a bear market, this could imply that prices might surpass the $93,500 resistance in the coming months only to establish a macro lower high before continuing their downward trajectory.  According to Rekt Capital, the sustainable breakout above this resistance is more likely to occur in the next halving year in 2028. Featured image from DALL-E, chart from TradingView.com 

Moving alongside Bitcoin, the Ethereum price has actually been able to reclaim $3,000, moving up faster than anticipated over the weekend. This resulted in an over 6% daily increase by Sunday, as sentiment began to move toward the positive again. However, this move has not completely erased the bearish expectations surrounding the cryptocurrency, especially as one crypto analyst points out that the digital asset has now actually entered overbought levels. Ethereum In Dangerous Territory In a TradingView post, crypto analyst SignalProvider highlighted that Ethereum has now entered overbought levels, something that is bearish for the price. As explained by the analyst, using the ETheruem -Hour timeframe, the trend is currently bearish as the 7-period RSI shows that the digital asset is now in oversold levels. Related Reading: XRP Price Mirrors 2017 Sideways Accumulation Trend – Here’s What Happened Last Time This comes as the Ethereum price continues to trade above $3,100, which the analyst calls a solid horizontal structure. However, this structure has not held as strongly as expected, leading to weakness in the market. As a result, the crypto analyst explains that this could result in a price decline. If the decline plays out as expected with the overbought levels, then the first target is $3,028, according to the analyst. This could then serve as a support level that could begin the next uptrend. However, there is a possibility that this does not play out soon, as prices entering overbought levels can take time to play out. ETH Price Is Not Entirely Bearish While the entrance into overbought levels remains a bearish signal for the Ethereum price, another analyst has presented a possible bullish path for the cryptocurrency from here. This lies in the ability of bulls to break out completely from the $3,100 level. Related Reading: Dogecoin Price Could Rally To All-Time Highs If It Breaks This Resistance Level As crypto analyst TheSignalyst explains, the lower bound of the channel has been working to serve as support for the Ethereum price above $3,000. If this channel continues to hold, then the bullish trend remains intact. “From a structure point of view, ETH remains bullish, trading cleanly inside a flat rising channel,” the post read. When the breakout is completed, then the price could rise as high as $3,600, which is the top of the current ascending channel. But TheSignalyst explains that until this breakout happens, Ethereum investors should expect more sideways chop as the price continues to build up. Featured image from Dall.E, chart from TradingView.com

Ethereum is showing renewed signs of strength as it begins to stabilize after months of choppy price action. While recent technical improvements suggest momentum is turning in favor of the bulls, key resistance levels remain overhead, which means the recovery seems promising, but not yet fully confirmed. Market Structure Remains Unconvincing Despite The Bounce In a recent market update, crypto analyst Luca expressed a cautious outlook regarding Ethereum’s current market structure. While the price has managed a technical feat by breaking above the 1D Bull Market Support Band, a zone that has historically served as a reliable reversal point over the past several months, Luca remains unconvinced of a broader trend shift.  Related Reading: Ethereum Price Momentum Rolls Over, Bearish Move Warning The primary hurdle for a definitive bullish reversal lies at the 0.618 Fibonacci Point of Interest (POI), currently positioned at $3,120. Luca emphasizes that Ethereum must durably reclaim this level to shift the lower-timeframe sentiment. Until this specific price target is secured as support, the risk of the current move being a fake-out remains high. Drawing parallels to the current state of Bitcoin, Luca suggests that the most prudent approach for investors is to remain defensive, as the market has yet to confirm a breakout above the Fibonacci resistance. This cautious stance is intended to guard against emotional trading during a period of high uncertainty and potential volatility. To manage this risk, Luca is maintaining a cash reserve to hedge spot holdings in case a rejection occurs. A failure to hold current levels would likely trigger a deeper pullback toward the previous high-timeframe resistance range near $2,700 before a more sustainable and durable reversal to the upside unfolds. Ethereum Opens 2026 With A Key Trend Shift According to StockTrader_max, Ethereum has started 2026 on a clearly positive technical footing. ETH has printed its first daily close above the 50-day moving average since October 9, a period that coincided with the liquidation-driven shock that rippled through the broader crypto market. This close marks a meaningful shift in trend behavior after months of trading below key short-term averages. Related Reading: Ethereum Price Presses Resistance, but Can The Recovery Survive? From a bullish perspective, reclaiming the 50-day MA is exactly the kind of confirmation sought for following an extended corrective phase. It signals improving momentum and suggests that buyers are beginning to regain control, potentially laying the groundwork for a more sustained recovery rather than a short-lived bounce. Looking ahead, StockTrader_max highlighted the 200-day moving average around $3,550 as the next major upside objective. As capital starts to rotate back into Ethereum and risk appetite improves, the analyst expects price action to gravitate toward this level in the coming sessions. Featured image from Getty Images, chart from Tradingview.com

A crypto analyst has predicted that the Ethereum price could balloon to $3,500 soon, potentially breaking free of the bearish pressure that has suppressed its momentum for much of 2025. Although ETH is currently trading more than 37.5% below its all-time highs, the analyst has outlined technical indicators and market structure signals suggesting $3,500 is a realistic short-term target for the cryptocurrency.   Related Reading: Crypto ETFs Defy The Pullback With $32 Billion In Fresh Investor Cash Ethereum Price Setup Points To $3,500 Rebound Crypto market analyst Tryrex has delivered a fresh outlook on the Ethereum price, pointing to conditions that could support a strong upside move to $3,500 in the coming months. In his post on X, the expert suggested that ETH may be approaching the end of its prolonged corrective phase and may be preparing for a decisive bounce.  Tryrex highlighted the possibility of a strong rebound developing in the first quarter of 2026, driven by Ethereum’s current hold of a critical liquidity zone between $2,800 and $3,000. He explained that while Bitcoin (BTC) bottomed out in 2025 and entered a range-bound period right after, Ethereum showed relative strength by firmly defending the liquidity region.  Based on the analyst’s weekly TradingView chart, this price area also represents a weekly demand zone that has absorbed repeated selling pressure. The fact that the price continues to hold this area indicates that market participants are buying ETH rather than distributing it. Volume behavior at the bottom of the chart also suggests that selling pressure has been weakening compared to earlier phases of Ethereum’s downtrend.  Tryrex expects an impulsive move to emerge as Ethereum continues to react to the $2,800 to $3,000 liquidity range. If momentum builds as anticipated, ETH could break out of its current structure and push toward higher resistance levels, with a move above $3,500 seen as an increasingly likely near-term target. With its price currently sitting above $3,000, this would represent a more than 13% increase.  The analyst has also revealed that his bullish forecast for ETH reflects broader conditions across the altcoin market. He highlighted that many major altcoins appear to be bottoming out after extended downtrends, increasing the possibility of coordinated upside moves if market sentiment and volatility improve.  Ethereum Shows Early Moves In 2026 The market is just three days into 2026, and although major cryptocurrencies like Bitcoin and Dogecoin closed 2025 in the red, Ethereum appears to be showing early signs of recovery. Initially, the ETH started the year in a similar downtrend, but over the past 24 hours, its price has increased by approximately 2.5%. Related Reading: Bitcoin Dominance Grows As Altcoins Post Another Losing Year: Analyst CoinMarketCap data shows that from January 1 to date, Ethereum has declined by more than 9.5%. However, its trading volume in the last 24 hours has increased by over 100%, signaling strong trader interest despite the recent price dips. In addition, whales have been steadily accumulating ETH, taking advantage of lower prices to increase their positions. Featured image from Pexels, chart from TradingView

Arthur Hayes, co-founder of BitMEX, has captured market attention after executing a high-conviction rotation out of Ethereum and into a select group of decentralized finance tokens. On-chain data, later reinforced by his public remarks, shows a deliberate concentration of capital into specific DeFi protocols he believes are positioned to outperform as liquidity conditions evolve. Ethereum Was Sold, Not Abandoned Blockchain data shows that over a two-week period, Hayes reduced his Ethereum exposure by selling a total of 1,871 ETH, valued at roughly $5.53 million at the time of execution. This was not an isolated transaction, as the ETH sales were followed closely by a series of DeFi purchases, indicating that Ethereum was used as a funding source rather than an asset he was exiting on conviction grounds. Related Reading: Can Dogecoin Price Reach $1 In 2026? Analysts Reveal What To Expect This pattern aligns with Hayes’ broader view of Ethereum’s role in the market. ETH increasingly serves as foundational infrastructure and productive collateral, while much of the incremental return potential has migrated to protocols that sit closer to yield generation and cash-flow activity. Hayes had already signaled this thinking earlier, having trimmed ETH exposure in August, making the recent sales part of a continuing reallocation rather than a sudden reversal. Hayes later reinforced the rationale publicly, stating that his portfolio was rotating out of ETH and into “high-quality DeFi names,” based on the expectation that these assets could outperform in an environment of improving fiat liquidity. The speed and coordination of the trades suggest a clear macro-driven move rather than tactical speculation. The Thesis Behind Pendle, Lido DAO, Ethena, And Ether.fi Purchases Following the ETH sales, Hayes redeployed capital across four DeFi protocols, each targeting a different segment of the Ethereum financial stack. Initial purchases included 961,113 PENDLE worth about $1.75 million, reflecting exposure to yield tokenization and on-chain fixed-income markets. He also acquired 2.3 million LDO valued at roughly $1.29 million, positioning into liquid staking infrastructure that continues to play a central role in Ethereum’s staking economy. Related Reading: What Happens If The Bitcoin Price Closes 2025 In The Red? Analyst Answers Additional allocations went to Ethena and Ether.fi, with Hayes buying 6.05 million ENA for approximately $1.24 million and 491,401 ETHFI worth about $343,000. Minutes later, on-chain trackers reported follow-up purchases, showing Hayes doubling down on two positions. He added an additional 4.86 million ENA valued near $986,000 and 697,851 ETHFI worth roughly $485,000, pushing total DeFi deployment well beyond the original allocation. The structure of these buys matters. Pendle targets yield markets, Lido anchors staking liquidity, Ethena focuses on synthetic dollar mechanics, and Ether.fi captures emerging restaking yield. Together, they form a solid exposure to yield, capital efficiency, and infrastructure-level adoption rather than narrative-driven trades. Hayes’ actions underscore a consistent message: Ethereum remains the base layer, but he sees the strongest risk-adjusted opportunities in the DeFi protocols that actively convert ETH into productive, revenue-linked assets. Featured image created with Dall.E, chart from Tradingview.com

Ethereum remains trapped below the critical $3,000 level as price action compresses into an increasingly narrow range. Despite several recovery attempts, bulls have failed to regain control, leaving ETH vulnerable to renewed downside pressure. Market sentiment reflects this weakness, with a growing number of analysts leaning toward a bearish outlook for 2026 as momentum indicators continue to fade and risk appetite remains subdued across the broader crypto market. Related Reading: Bitcoin Supply In Profit Sets The Stage For Bullish Cross In Q1 2026 Amid this fragile technical backdrop, new on-chain data highlights a notable shift in Ethereum’s liquidity structure. According to a CryptoQuant report by analyst Arab Chain, Ethereum reserves on Binance surged to approximately 4.17 million ETH in December. This increase coincided with massive inflows totaling nearly 8.5 million ETH over the month, marking one of the most significant exchange inflow events since 2023. Such a sharp rise in exchange-held ETH suggests a change in investor behavior. Historically, large inflows to centralized exchanges indicate preparation for increased trading activity, hedging, or potential selling pressure, rather than long-term accumulation. While inflows alone do not guarantee immediate downside, they often precede periods of higher volatility, especially when the price is already struggling to reclaim key resistance levels. Exchange Liquidity Rises as Volatility Risks Build The CryptoQuant report emphasizes that the sharp increase in Ethereum reserves on Binance—the world’s largest exchange by trading volume—indicates a significant increase in tradable supply. When ETH moves from cold storage or long-term wallets onto centralized exchanges, it typically reflects a shift toward active positioning. Historically, this behavior has been a key input for assessing short- to medium-term supply–demand dynamics, as higher exchange balances increase the amount of ETH readily available for trading, hedging, or liquidation. However, the report stresses that rising exchange reserves do not automatically translate into immediate selling pressure. In many cases, large inflows are associated with risk management strategies rather than outright distribution. Institutional participants often move assets to exchanges to deploy them as collateral, rebalance exposure, or hedge downside risk through derivatives markets, particularly during periods of macro uncertainty and compressed price action. Still, the scale of December’s inflows stands out. Nearly 8.5 million ETH flowed into Binance over the month, marking the highest net inflows since 2023, with daily net inflows peaking above 162,000 ETH. Such volumes suggest the involvement of large players and point to a potential transition into a more volatile market phase. With Binance commanding a dominant share of Ethereum derivatives trading, this concentration of ETH on the exchange raises the probability of sharp price moves. Whether driven by spot selling or leveraged positioning, elevated exchange liquidity increases the market’s sensitivity to shifts in sentiment, making the current consolidation phase increasingly fragile. Related Reading: XRP Slides To $1.80 While Binance Reserves Continue To Decline Ethereum Price Compresses As Momentum Fades Ethereum price action on the 4-hour chart reflects a market stuck in compression just below the $3,000 psychological level. After a sharp decline earlier in the month, ETH attempted several rebounds but consistently failed to reclaim higher ground, resulting in a tight range between roughly $2,900 and $3,100. This structure signals indecision rather than accumulation, with both buyers and sellers lacking conviction. Technically, Ethereum remains capped below its short- and medium-term moving averages. The 50-period and 100-period averages are acting as dynamic resistance, repeatedly rejecting upside attempts. Meanwhile, the 200-period moving average continues to slope downward, reinforcing the broader bearish trend. As long as ETH trades below these levels, rallies are likely to remain corrective rather than trend-changing. Related Reading: Chainlink Shows Strong Accumulation Signal: LINK Exchange Liquidity Dries Up Trading activity has steadily declined during the consolidation phase, indicating reduced participation and growing apathy. The absence of strong volume expansion on upside moves suggests that buyers are not aggressively stepping in, even near key support. Structurally, the $2,900–$2,950 zone is acting as short-term support, preventing deeper drawdowns for now. However, the longer ETH remains compressed below $3,000, the greater the risk of a volatility expansion. A decisive break above $3,100 would be required to shift momentum to the bullish side. Until then, Ethereum remains vulnerable to renewed downside pressure if broader market sentiment deteriorates. Featured image from ChatGPT, chart from TradingView.com 

XRP, Bitcoin, and Ethereum are displaying sharply diverging fund flow trends, with XRP emerging as the most accumulated digital asset in the latest CoinShares Digital Asset Fund Flows Weekly Report. With Bitcoin and Ethereum jointly recorded nearly $500 million in outflows, the data illustrates a shift in investor positioning away from the market’s largest assets toward select alternatives amid ongoing volatility. XRP Inflows Highlight Selective Demand Contrasting sharply with the redemptions sweeping through Bitcoin and Ethereum products, XRP has continued to register major inflows. CoinShares data shows XRP-linked investment vehicles attracted $70.2 million in new capital last week, reflecting ongoing interest from investors in these nascent ETF categories. Since their mid-October US launches, XRP has accumulated about $1.07 billion in inflows, a remarkable trajectory given the prevailing outflow environment for larger assets.  Related Reading: XRP Price May Be Bearish Below $2, But On-Chain Data Tells A Different Story This bifurcation in fund flows underscores a selective repositioning among investors. While broad risk assets like Bitcoin and Ethereum grapple with selling pressure, XRP’s performance shows that certain niche products are still attracting interest even in a downtrend. This pattern may be likely due to different expectations about regulations, adoption, or the impact of newly launched ETF products aimed at specific investors. Bit-Heavy Outflows: Bitcoin And Ethereum Under Pressure Despite their dominant roles in the market, Bitcoin and Ethereum endured significant net outflows during the reporting week ended December 29, contributing the lion’s share of the overall outflow figure. According to CoinShares, Bitcoin-linked products recorded approximately $443 million in redemptions, representing nearly the totality of the weekly withdrawal from crypto investment vehicles. Ethereum-focused products also saw $59.5 million exit, adding to a broader pattern of institutional caution toward the largest digital assets. These negative flows have accumulated since the mid-October US ETF launches, with Bitcoin recording roughly $2.8 billion and Ethereum about $1.6 billion in outflows over this period. The concentration of redemptions in the United States, where $460 million left digital asset funds, highlights a prevailing aversion among domestic investors toward reallocating capital into BTC and ETH during periods of price volatility and regulatory uncertainty. Related Reading: Banks Could Start Holding XRP Due To This Simple Change The sustained outflows amid weak sentiment reflect broader investor behavior during market stress. When capital flees established assets, it often signals profit-taking, risk reduction, or shifts into alternative strategies or cash positions, all of which can exert downward price pressure and prolong short-term weakness. For Bitcoin and Ethereum, this trend suggests that even their extensive adoption and liquidity have not insulated them from pullbacks in institutional demand. Overall, the latest fund flow data signals a clear rotation in investor attention. While Bitcoin and Ethereum continue to experience significant outflows, XRP is drawing capital, emphasizing a market environment where targeted assets are increasingly capturing the focus of both institutional and retail participants as 2026 approaches. Featured image created with Dall.E, chart from Tradingview.com

Ethereum’s recent rebound has brought a brief sense of relief, but the bigger challenge still lies ahead. While price is attempting to stabilize after weeks of sideways action, the broader structure suggests this move remains corrective rather than decisive. Until ETH can clear the $3,550 barrier, the bounce looks more like a pause in consolidation than the start of a sustained upside breakout. Sideways Correction Still Dominates Ethereum’s Structure According to More Crypto Online, Ethereum continues to trade within a sideways corrective structure that has been in place since November 21. Price action remains capped below the upper boundary of this corrective trend channel, signaling that the market has yet to show a convincing shift toward a broader bullish phase. Related Reading: Here’s The Ethereum Descending Triangle Structure That Threatens A Crash Below $2,800 At this stage, a break above the corrective channel is the minimum indication that upside momentum may be developing. Even if Ethereum does push higher, caution is still warranted. Any advance from current levels could simply unfold as a yellow B-wave within a larger circle wave 5, or as an extended phase of circle wave 4. Both scenarios imply that upward movement may be corrective in nature rather than the start of a sustained rally. For the more bullish orange scenario to gain real credibility, Ethereum would need to reclaim the $3,550 resistance level decisively. A clean break and hold above this zone would help confirm a stronger breakout structure and reduce the risk that the move is merely a temporary bounce. Until such confirmation appears, the probability of another downside test remains elevated. Overall, the technical structure still favors consolidation or further downside over an immediate bullish continuation, keeping the market in a cautious mode. ETH Mirrors Bitcoin’s Range-Bound Behavior In a more recent update, Crypto Candy noted that Ethereum continues to mirror Bitcoin’s price behavior, remaining locked in a well-defined range between $2,700 and $3,400. ETH’s price has been largely stagnant over the past few sessions, indicating indecision across the broader market as participants await a clearer directional cue. Related Reading: Ethereum Price Targets Break Above $3K, Bulls Smell Opportunity However, ETH recently found support in the $2,600–$2,700 demand zone, where buyers stepped in and sparked a short-term bounce. This reaction has allowed price to start pushing back toward higher levels within the range, suggesting that downside pressure is easing for now. If momentum continues to build, a move toward the upper boundary around $3,400 could regain focus. For the bullish bias to remain valid, the $2,600–$2,700 support area must continue to hold. A clean breakdown below that zone would weaken the current recovery attempt and reopen the door to deeper downside. Featured image from Getty Images, chart from Tradingview.com

Ethereum has been having a hard time over the last few months after hitting a brand new all-time high back in August 2025. The last quarter of the year has been especially brutal, with the cryptocurrency’s price down more than 29% in Q4 2025. Despite this abysmal performance, things have failed to turn around, with technical indicators continuing to point to further decline for the altcoin. The latest of these is the appearance of a descending triangle structure, that carried the promise of further downside. Ethereum Price Is Still Not Bullish As crypto analyst Alpha Trade Scope points out in a TradingView post, the Ethereum price chart is still showing major signs of weakness. For example, the digital asset saw its price crash below a descending trendline, and this has marked the continuation of the downtrend that began three months ago. Related Reading: XRP Supply Dwindles While ETFs Go On A Buying Spree Before 2026 The current price trend has led to the formation of a descending triangle structure, which emerged after the cryptocurrency completed an impulse move. Not only this, the trend of recording lower highs has been evidence of the increased selling pressure on the cryptocurrency. Doing this below the aforementioned descending trendline just lends credence to the fact that the downtrend is not over. There has also been a major shift in the market structure of the Ethereum price. For one, there was a Change of Character (CHoCH), which shows that the Ethereum price is no longer bullish, but is rather more bearish at this point. Resistance has also mounted at the $3,000 level over time, and the price has been trading well below this resistance for a while now. Also, the Ethereum price is caught in a tight range, trading within the Fair Value Gap (FVG) mapped out between $2,930 and $2,960. This shows the rising resistance at this level, that could serve as a rejection in the case of a recovery attempt. How Low Can The ETH Price Go? If the current bearish trend holds and the Ethereum price does get rejected, then the first target for the downside lies at $2,815. This first target serves as the first support for the cryptocurrency and the destination for an initial liquidity sweep as investors sell into the decline. However, it is not the final target. Related Reading: What Does XRP Really Do? Expert Explains What It Is Built For In the case of a further break, then $2,800 is expected to give way, leading to the second major target at $2,748. This target is more of a major demand zone and is more likely to trigger a bounce due to the mounting buying pressure at this point. “The chart presents a classic bearish continuation setup, favoring downside expansion if support breaks with confirmation,” the analyst said. Featured image from Dall.E, chart from TradingView.com

According to Cryptowzrd’s latest technical outlook, Ethereum ended the session with an indecisive close, offering little clarity on immediate direction. With the weekend likely to bring thinner liquidity, patience remains key as the focus shifts to waiting for a cleaner structure and a more reliable scalp opportunity to emerge. Tight Ranges Signal Indecision As Volatility Wanes Cryptowzrd went on to explain that Ethereum’s daily candle closed indecisively, mirroring the lack of clear direction seen across the broader market. ETHBTC also ended the session without conviction, reinforcing the idea that momentum remains muted for now. Related Reading: $6 Billion In Ethereum Options: What This Means For Price The uncertainty extended to the higher timeframes as well, with the weekly candle closing indecisively across most ETF and CME charts. This type of price behavior suggests hesitation among market participants, making it challenging to establish a strong directional bias in the near term. According to the update, healthier price action from ETHBTC will be required before Ethereum can develop a clearer trend. That process may take time, as the pair often leads Ethereum’s relative strength and overall structure. At the time of the post, Ethereum was trading close to the $2,800 support target zone. Holding this area maintains the broader structure, while a stronger bullish push in the future could open the door for a move toward the $3,700 resistance region. For now, the focus shifts to the lower time frame charts over the weekend, where short-term scalp opportunities may emerge. However, expectations remain measured given the indecisive conditions and typically lower liquidity during weekend sessions.  Range-Bound Action Keeps Ethereum Traders On The Sidelines In a conclusive summary, the analyst observed that the intraday chart remains characterized by choppy and sluggish price action. The market is currently confined to a narrow range, lacking the decisive momentum required to establish a clear trend. This period of consolidation suggests a “wait-and-see” approach is necessary as the asset stabilizes between its immediate boundaries. Related Reading: Ethereum Traders Chase Upside With Historic Leverage – Breakout Fuel Or Fragile Setup? Specific price triggers have been identified to determine the next major move. A break below the $2,880 support level would likely signal a shift toward further bearish decline, whereas a move above the $3,060 resistance would open the door for sustained upside and new long opportunities.  Ultimately, the analyst emphasizes the importance of patience, noting that the current market environment requires a more mature chart structure before the next high-probability trade can be executed. Until the price breaks out of this intraday range and develops a more defined pattern, the strategy remains defensive to avoid the risks associated with the current volatility. Featured image from Getty Images, chart from Tradingview.com

Ethereum (ETH) is approaching a pivotal derivatives deadline as billions of dollars in options contracts near expiration, placing the $3,000 price level firmly in focus for traders. While traders are betting on a move higher, Ethereum’s near-term price action remains uncertain. The outcome of this options expiry could help shape ETH’s next big move, either to the upside or down to lower levels—particularly as investors reassess their expectations following November’s volatility and choppy conditions.  The price of Ethereum is currently sitting above $2,900 as a massive options expiration worth roughly $6 billion approaches. This event is expected to play a major role in shaping short-term price action and could influence investor sentiment heading into 2026.  Ethereum Options Set To Expire This Friday Data from the derivatives platform Laevitas show that $6 billion in ETH options will expire on Friday, 26 December, with call positions outnumbering puts by more than 2.2 times. Despite this imbalance, bears still hold the edge unless Ethereum’s price moves decisively above $3,100. Related Reading: Ethereum Exchange Supply Just Crashed To New Lows, Why This Is Bullish For Price Earlier this year, many traders had positioned for Ethereum to surge significantly by year-end. However, those bullish expectations were undermined by a massive November decline, leaving ETH’s current options expiry vulnerable to further downside pressure.  While call options still dominate Open Interest (OI), many of these positions would expire worthless if the Ethereum price fails to recover and push higher. This creates a fragile setup and leaves the market in a delicate position, where overly optimistic bets could quickly unwind if key price levels do not hold. Notably, the $3,100 price level has emerged as a critical pivot ahead of the options expiration set for this Friday. Traders have called this level “max pain,” as it represents the price at which the most options contracts would expire worthless. A close below this zone could give bears control and potentially open the door to further price declines. On the other hand, a clean break above $3,100 could flip momentum rapidly.  Presently, around $3.8 billion in ETH options are expected to expire on Deribit, the world’s largest Bitcoin and Ethereum options exchange. In addition, more than $23.6 billion in Bitcoin options are scheduled to expire on Friday, potentially adding significant volatility to the already fragile market.  Analyst Expect Further Volatility For Ethereum With the massive $6 billion Ethereum options expiry on the horizon, traders appear to be bracing for significant market volatility, as the event could trigger a sharp, decisive move in ETH’s price. Separately, crypto analyst Ted Pillows anticipates further volatility for ETH if its price moves in either of two key directions.  Related Reading: Major Ethereum Metric Just Hit A New All-Time High – Can Price Reclaim $3,000? He says that Ethereum is currently in a no-trading zone; however, volatility could occur if the price reclaims the $3,000 level or retests the $2,700-$2,800 zone. Featured image from Pixabay, chart from Tradingview.com

The Ethereum price has struggled to reclaim the critical $3,000 mark for the past 48 hours, raising concerns about potential declines in the cryptocurrency’s value if this essential support level is not regained by the end of the week. Analyst Predicts Further Downside Market analyst Ted Pillows pointed out on social media platform X (formerly Twitter) that without a quick recovery above $3,000, Ethereum could face further downside pressures, possibly dropping toward the $2,800 range in the near term.  This scenario would indicate an additional retracement of approximately 5% from its current trading price, which hovers just above $2,940. This ongoing struggle adds to the 16% decline recorded in the monthly time frame, highlighting the precarious situation for broader cryptocurrency prices. Related Reading: This Friday’s Bitcoin Options Expiry Could Shake Up The Market: What To Look Out For Another analyst, Columbus, sought to understand Ethereum’s lackluster performance relative to Bitcoin (BTC). He noted that Ethereum continues to trade below its Volume Weighted Average Price (VWAP), struggling to gain traction above this critical metric.  The bounce observed from the $2,800 to $2,850 range appears more responsive than impulsive, in the analyst’s words, suggesting that while there are buying interests, conviction in the rally remains weak. Columbus further remarked that there is considerable liquidity layered overhead, particularly within the $3,050 to $3,250 zone. This liquidity has successfully capped any attempts to push prices higher.  Unless Ethereum can reclaim this area and achieve consistent acceptance above it, upward movements are likely to be more about short-term rotations into supply rather than genuine trend continuation. On the downside, a failure to hold the $2,850 mark could expose Ethereum to deeper losses, potentially leading to a downturn toward lower liquidity levels between $2,400 and $2,700, where the bulk of liquidity is concentrated. Will Ethereum Drop To $1,300 In 2026? Looking further into the future, market expert CryptoBullet painted a more somber picture of Ethereum’s potential trajectory for 2026. He has introduced a new fractal model for Ethereum that suggests bearish outcomes for investors anticipating a bull run next year.  In a social media post, CryptoBullet presented a daily chart of Ethereum, outlining key price targets and indicating that while a price recovery might occur in January and February, subsequent months could see a significant downturn. Related Reading: These Five Key Drivers Could Boost XRP To $5 By 2026, Claims Top Analyst According to this analysis, Ethereum’s brief recovery could falter against existing resistance levels between $3,600 and $3,800, potentially culminating in a dramatic decline to a target price of $1,385.  If this fractal model mimics Ethereum’s performance in 2022, it could signify a staggering 63% drop in value for the leading altcoin. Featured image from DALL-E, chart from TradingView.com 

Ethereum is facing renewed selling pressure as market uncertainty deepens and confidence continues to erode across the broader crypto landscape. After weeks of fragile price action and failed recovery attempts, ETH has struggled to attract sustained demand, pushing an increasing number of analysts to warn that the market may be entering the early stages of a bear cycle. Volatility remains elevated, sentiment is weak, and traders appear hesitant to commit capital as downside risks grow more pronounced. Related Reading: Bitcoin and Ethereum Coinbase Inflows Collapse While Binance Retains Relative Activity – Details Recent on-chain and technical analysis from CryptoQuant highlights why concerns are mounting. Ethereum’s price structure has tightened into a descending triangle formation, a pattern that often emerges during periods of distribution rather than accumulation. Price remains capped below a well-defined downtrend line, while key moving averages continue to act as overhead resistance, limiting upside momentum. This compression reflects a market where sellers maintain control, even as prices attempt to stabilize. Historically, this type of technical setup increases the probability of a downside resolution. In Ethereum’s case, the $2,800 level has become a critical support zone. A sustained break below it would likely confirm a broader bearish continuation, potentially accelerating losses as stop orders are triggered. On-Chain Supply Tightening Challenges Ethereum’s Bearish Technical Outlook While Ethereum’s price structure continues to reflect stress, on-chain data is telling a more nuanced story. Analysis shared by CryptoOnchain highlights a sharp contraction in the amount of ETH available for immediate sale on major exchanges, particularly Binance. The Ethereum Exchange Supply Ratio on Binance has fallen to 0.032, its lowest reading since September 2024, pointing to a meaningful reduction in liquid supply despite ongoing price weakness. This drop suggests that market participants are moving ETH off exchanges and into self-custody, a behavior typically associated with longer-term positioning rather than imminent selling. In practical terms, fewer coins sitting on exchanges reduces the immediate sell-side pressure that often exacerbates downtrends. The timing is notable, as this supply contraction is unfolding while Ethereum remains locked in a bearish technical formation. The contrast between the chart and the on-chain data is becoming increasingly relevant. From a purely technical perspective, the descending triangle and persistent resistance argue for caution. However, shrinking exchange supply introduces the risk of a supply-driven move if demand stabilizes. Should buyers successfully defend the $2,800 support zone, even modest inflows could have an outsized impact on price due to reduced available liquidity. For now, the market sits at an inflection point. A decisive break above the downtrend line would strengthen the case that accumulation is taking precedence over distribution, potentially shifting the balance away from the prevailing bearish narrative. Related Reading: Gold & Silver Breakout While Bitcoin Chops: Why Capital Is Flowing Into Precious Metals Ethereum Consolidates as Bearish Structure Remains Intact Ethereum is trading around the $2,930 level on the daily chart, continuing to consolidate after an extended decline from its late-summer highs. The broader structure remains technically weak, with price still forming a sequence of lower highs and lower lows since failing to hold above the $4,500–$4,800 zone earlier in the cycle. This rejection marked a clear trend shift, transitioning ETH from expansion into a corrective and potentially distributive phase. From a trend perspective, Ethereum remains capped below its key daily moving averages. The faster moving average has rolled over sharply and continues to act as immediate resistance, while the 111-day and 200-day simple moving averages sit higher, converging in the $3,400–$3,600 range. This layered resistance suggests that any upside attempts are likely to face strong selling pressure unless momentum improves meaningfully. Related Reading: The Gold-to-Bitcoin Rotation Narrative Gains Strength: A Data-Driven Review Price action over recent weeks reflects indecision rather than recovery. ETH has been oscillating in a tight range between roughly $2,850 and $3,050. Indicating short-term stabilization but not a confirmed reversal. Volume supports this view, as selling spikes dominated the initial breakdown, while subsequent rebounds have lacked strong participation from buyers. Technically, the $2,800–$2,900 zone remains critical. Holding this area preserves the possibility of base-building, but a decisive breakdown would open the door to a deeper retracement. For structure to improve, Ethereum would need to reclaim the $3,200–$3,300 region and regain acceptance above its declining daily averages. Featured image from ChatGPT, chart from TradingView.com

Coming out of the weekend, the Ethereum price had attempted another recovery alongside Bitcoin, but eventually, the recovery attempt failed again. Taking to TradingView, crypto analyst DomicChaina explains what is happening behind this phenomenon and why the Ethereum price is unlikely to see any meaningful recovery. As it stands, it seems the leading altcoin is more likely to suffer a rejection toward new monthly lows than actually stage a rebound. Technical Factors Drive Ethereum Price Further Down The crypto analyst highlights some technical developments that point to the Ethereum price being stuck in a bearish phase. One of the major ones has to do with both the EMA34 and the EMA89. According to the analyst, the price performance in relation to these two EMAs suggests that the downtrend will continue. Related Reading: Why This Market Analyst Is Advising XRP Investors Not To Sell Their Coins For one, the EMA39 had actually crossed below the EMA84, and at the same time, both of these moving averages have been moving downward. This means that despite recovery efforts, it still puts the Ethereum price in a medium-term downtrend. Chaina adds that this means that the current trend is sideways or a basing process, rather than pointing downward. For there to be any meaningful recovery, the Ethereum price would have to break out of this range. However, as long as it continues to maintain this structure, then the expectation is that the altcoin will continue to decline, moving toward the next major support at $2,500. Resistance Remains Strong In addition to the overall trend pointing downward, there is also the issue of mounting resistance at $3,090, coinciding with the EMA34. So far, this resistance has been the death of multiple recovery attempts, with the latest being stopped in its tracks earlier this week as well. With the EMA89 also pointing downward, it means that the price is likely to decline and then recover from here. Related Reading: Why This Friday Could Be Very Big For The Bitcoin Price The analysis also highlights the declining volume as evidence that capital inflows into the altcoin remain weak. With the holidays, this is not expected to change as investors move away from the market to focus on the celebrations. “This week falls into a holiday period, leading to reduced market liquidity, which makes price movements more sluggish and lacking breakout momentum,” the post read. Recovery candles also remaining very short and brief show a stifling of the recovery attempts so far, and those that could follow. For now, the Ethereum price continues to trend below $3,000, recording a 37% decline from its 2025 all-time highs. Featured image from Dall.E, chart from TradingView.com

A screenshot attributed to Fundstrat Research is stirring debate over whether Tom Lee’s firm is projecting a sharp first-half 2026 correction in crypto markets—despite Lee’s recent public bullishness on Ethereum. Wu Blockchain shared the image via X, describing it as an internal client note titled “2026 Crypto Outlook: Near-Term Headwinds, Second-Half Upside,” timestamped Wednesday, Dec. 17, 2025 at 7:34 p.m. ET. Fundstrat’s Bearish Call Vs. Tom Lee’s Bull Case The document is credited to Sean Farrell, Fundstrat’s head of digital asset strategy, and includes a base-case scenario calling for a “meaningful drawdown in 1H 2026,” with target ranges of bitcoin at $60,000–$65,000, ether at $1,800–$2,000, and solana at $50–$75. The note adds that those levels would represent “attractive opportunities into year-end,” and that if the view is wrong, the preference is still to “play defense” until strength is confirmed. The ETH range is what set the market chatter off. Ether is trading around the $3,000 area, making $1,800 a material downside scenario if taken at face value. Related Reading: Ethereum ETFs Record Over $600M In Outflows — Warning Signal For Traders? The controversy, such as it is, comes from the proximity to Lee’s own messaging. At Binance Blockchain Week, Lee said ethereum at roughly $3,000 looked “severely undervalued,” a stance that reads very differently than a research framework explicitly mapping a potential move to the high-$1,000s. Over the past few weeks, Lee even publicly shared his predictions that ETH could reach $20,000 next year and $62,000 over the next several years. Farrell responded directly on X on Dec. 20, arguing the framing of “internal conflict” misunderstands how Fundstrat operates. The firm, he said, houses several analysts with independent processes, each designed for different client objectives and time horizons. Lee’s work, Farrell wrote, is aimed at large institutions that might allocate 1%–5% to BTC and ETH and is structured around longer-term macro and “secular” trends. Farrell’s research, by contrast, is positioned for investors with heavier crypto exposure—he referenced portfolios with ~20%+ allocations—where active risk management and rebalancing matter more than maintaining a single long-duration thesis through volatility. Related Reading: Ethereum Exchange Outflows Soar To $978M: Sign Of Dip Buying? That distinction is central to interpreting the leaked-style targets. Farrell’s public explanation wasn’t “we are bearish,” but rather “we are cautious in the near term.” He said markets appear priced for “near-perfection” while risks remain elevated—citing government shutdown dynamics, trade volatility, uncertainty around AI capex, and a Federal Reserve chair transition, alongside tight high-yield spreads and low cross-asset volatility. He also highlighted mixed flow conditions. In Farrell’s telling, long-term ETF demand could improve as wirehouses onboard, but near-term pressures persist from “OG selling,” miners, fund redemptions, and even the possibility of an MSCI MicroStrategy delisting—an item that stood out because it suggests the risk lens extends beyond spot crypto into the crypto-equity complex that has become a key liquidity and sentiment barometer. Farrell’s stated base case: “an early-year bounce followed by another 1H drawdown, creating a more attractive opportunity into year-end.If I’m wrong, I’d rather wait for confirmation (trend breaks, flows, momentum, or a clear catalyst). Crypto is reflexive, and for my objective, patience matters in no-man’s land.” The thread ends on a point many readers missed in the initial screenshot-driven outrage cycle: Farrell still expects BTC and ETH to “challenge new ATHs by year-end,” describing a shorter, shallower bear that could compress the traditional four-year cycle narrative. “For those who tuned into the outlook: I still expect BTC and ETH to challenge new ATHs by year-end, effectively ending the traditional four-year cycle with a shorter, shallower bear,” he wrote via X. At press time, Ethereum traded at $3,043. Featured image created with DALL.E, chart from TradingView.com

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

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’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

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’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 (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

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