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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

After being rejected from the $3,000 level, Ethereum (ETH) is trying to hold a key support zone and build a base around this area. Some analysts have suggested that the altcoin must reclaim the crucial resistance soon or risk potential drop to new multi-month lows. Related Reading: XRP ETFs Record 25-Day Streak As Price Eyes Key Resistance Level Ethereum Forms Head And Shoulder Pattern Amid the broader market volatility, Ethereum has been attempting to hold the recently reclaimed $2,900 level as support to potentially challenge higher resistance levels in the coming days. The cryptocurrency has been trading within the $2,800-$3,400 price range over the past month, hitting a high of $3,447 nearly two weeks ago. Since reaching the local high, ETH has struggled to hold the range’s high, falling to the lows again during last week’s market correction. Amid this performance, the King of Altcoins is currently registering its worst Q4 performance since 2019, with a negative performance of 28.76%. Moreover, it is also recording a red December so far, trading 1.3% below its monthly opening of $2,991. Some analysts have warned that ETH’s pain may not be over, as it appears to be forming a pattern that could spell trouble for the cryptocurrency. In a Tuesday X post, Ali Martinez suggested that Ethereum started forming a head and shoulder pattern following the massive corrections that the send most cryptocurrencies to multi-month lows. Per the chart, the altcoin formed the left shoulder between late November and early December after bouncing from the $2,780 support. Meanwhile, the pattern’s head was formed during the mid-December rebound that led to the $3,400 local high. Now, as price is rejected from the $3,000 area again, the cryptocurrency appears to be forming the right shoulder. This suggests that ETH’s price could drop to the $2,800 area to complete the pattern’s formation. Martinez noted that if the pattern is completed, it could lead to a 15% potential move toward $2,400, a level not seen since the start of the Q3 breakout. ETH Price In Trouble? Other market observers suggested Ethereum could be in trouble after being rejected from the $3,000 barrier again. Ted Pillows noted that the altcoin tried to reclaim this level but failed, closing Monday around the $2,948 area. To the analyst, If ETH doesn’t reclaim this key barrier soon, it could likely drop towards the $2,700-$2,800 support zone. On the contrary, a daily close above this level would set the base for a rally toward the $3,300 level. Similarly, Sjuul from AltCryptoGems affirmed that Ethereum “is a bit in trouble after that nasty bearish deviation on top of the range.” He highlighted the altcoin’s rejection from the mid-December highs, which sent the price the lower zone of its one-month range. Related Reading: Dogecoin’s 53,000% Surge Shows Renewed Interest, But Why Is DOGE Price Lagging? Based on this, the analyst suggested that investors could expect “the same to happen on the lower band,” which would see the price retest the $2,600-$2,700 area, and drop as low as $2,400, before bouncing toward the range highs again. Nonetheless, Sjuul declared that “bulls need to establish a proper uptrend here because losing $2700 would be a negative sign.” As of this writing, Ethereum is trading at $2,933, a 2.53% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price failed to continue higher above $3,000 and dipped. ETH is now showing bearish signs and might slide further below $2,880. Ethereum started a fresh decline below $3,000 and $2,980. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $2,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,880 zone. Ethereum Price Faces Rejection Ethereum price failed to stay above the $3,000 pivot level and started a fresh decline, like Bitcoin. ETH price dipped below $2,980 to enter a bearish zone. The bears were able to push the price below the 50% Fib retracement level of the upward move from the $2,775 swing low to the $3,075 high. Besides, there was a break below a rising channel with support at $2,980 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,980 and the 100-hourly Simple Moving Average. If the bulls are able to protect more losses below $2,880, the price could start a fresh recovery. Immediate resistance is seen near the $2,980 level. The first key resistance is near the $3,000 level. The next major resistance is near the $3,050 level. A clear move above the $3,050 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,220 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,000 resistance, it could start a fresh decline. Initial support on the downside is near the $2,880 level and the 61.8% Fib retracement level of the upward move from the $2,775 swing low to the $3,075 high. The first major support sits near the $2,845 zone. A clear move below the $2,845 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,775 region. The next key support sits at $2,720. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,880 Major Resistance Level – $3,000

Ethereum price started a recovery wave above $2,980. ETH is now consolidating and faces a key barrier near the $3,080 level. Ethereum started a decent upward move above the $3,000 zone. The price is trading above $2,980 and the 100-hourly Simple Moving Average. There is a rising channel forming with support at $2,975 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,080 zone. Ethereum Price Faces Important Resistance Ethereum price started a decent increase above $2,880, like Bitcoin. ETH price was able to surpass the $2,920 and $2,950 resistance levels to enter a positive zone. The bulls pushed the price above the 61.8% Fib retracement level of the downward move from the $3,175 swing high to the $2,775 low. The price even spiked above the $3,050 resistance zone. However, the bears remained active near $3,080. Ethereum price is now trading above $2,980 and the 100-hourly Simple Moving Average. There is also a rising channel forming with support at $2,975 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $3,050 level. The first key resistance is near the $3,080 level and the 76.4% Fib retracement level of the downward move from the $3,175 swing high to the $2,775 low. The next major resistance is near the $3,150 level. A clear move above the $3,150 resistance might send the price toward the $3,220 resistance. An upside break above the $3,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,250 resistance zone or even $3,265 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,080 resistance, it could start a fresh decline. Initial support on the downside is near the $2,980 level and the trend line. The first major support sits near the $2,915 zone. A clear move below the $2,915 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,800 region. The next key support sits at $2,775. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,915 Major Resistance Level – $3,080

Ethereum is attempting to reclaim the $3,000 level after showing pockets of bullish strength over the weekend. Buyers briefly managed to push the price higher, but momentum has struggled to build, and ETH remains vulnerable below a key psychological threshold. As volatility compresses, market conviction appears fragile. Many analysts are increasingly calling for lower prices, arguing that recent rebounds lack the follow-through required to shift the broader structure back into a sustained uptrend. Related Reading: Bitcoin Price Lags Network Utility: A Valuation Reset Is Underway On-chain data helps explain this hesitation. According to a recent CryptoQuant report, Ethereum’s Net Unrealized Profit/Loss (NUPL) indicator remains in positive territory, with the latest reading hovering around 0.22. This suggests that the average ETH holder is still sitting on unrealized gains, but those profits are relatively modest. Historically, this zone is associated with a “belief” or cautious optimism phase, rather than euphoria. In other words, the market is neither in panic nor in an overheated state. This positioning places Ethereum at an inflection point. Investors are no longer capitulating, but they are also not aggressively chasing upside. With profits still on the table and sentiment mixed, ETH’s next move will likely depend on whether buyers can regain confidence and absorb lingering sell pressure. Until then, the market remains caught between hope and hesitation. Exchange Outflows Signal Strategic Repositioning According to the Arab Chain report, combining Ethereum’s NUPL data with exchange netflow metrics on Binance provides a clearer picture of current market dynamics. Recent data shows that Ethereum exchange netflows have consistently leaned toward net outflows, with frequent negative readings indicating that more ETH is being withdrawn from Binance than deposited. This behavior is typically associated with reduced immediate selling pressure, particularly when it occurs alongside a stable, positive NUPL reading. What makes this setup notable is the absence of a sharp increase in NUPL despite these outflows. In past cycles, strong withdrawals during periods of rising unrealized profits often coincided with aggressive profit-taking and euphoric sentiment. That pattern is not present today. Instead, the data suggests that holders are choosing to retain exposure rather than exit positions. ETH appears to be moving off exchanges for purposes such as long-term storage, staking, or participation within the broader Ethereum ecosystem, rather than for imminent liquidation. This divergence between sustained exchange outflows and restrained NUPL levels points to a structurally healthier market environment. Profits exist, but they are not excessive, and selling pressure on Binance remains limited. As a result, the probability of abrupt, sell-driven corrections is reduced. The medium-term outlook becomes more dependent on structural and fundamental developments, rather than short-term speculative behavior or emotional market swings. Related Reading: Ethereum Traders Chase Upside With Historic Leverage – Breakout Fuel Or Fragile Setup? Ethereum Consolidates Near a Critical Inflection Zone Ethereum’s weekly chart shows price attempting to stabilize around the $3,000–$3,100 region after a volatile multi-month decline from the 2025 highs near $4,800. This area has emerged as a key technical pivot, aligning closely with the rising 200-week moving average, which historically acts as a long-term trend gauge. ETH is currently trading just above this level, suggesting that bulls are defending structural support, but without strong momentum confirmation. The 50-week and 100-week moving averages are beginning to flatten and converge near current price, reflecting a broader transition from a strong uptrend into a consolidation phase. This compression often precedes a larger directional move. Notably, Ethereum has reclaimed the 100-week average but remains capped below the 50-week average, highlighting the ongoing struggle to re-establish a sustained bullish structure. Related Reading: Bitcoin Faces Elevated Downside Risk: Loss Selling Takes Hold As STH SOPR Falls Below 1 Volume has moderated compared to the distribution phase seen during the sell-off, indicating reduced forced selling rather than aggressive accumulation. This supports the view that the market is digesting prior gains rather than entering a new impulsive trend. From a structural perspective, holding above the $2,900–$3,000 zone keeps the long-term uptrend intact. However, failure to reclaim the $3,300–$3,500 resistance range would leave ETH vulnerable to extended consolidation. For now, price action suggests balance, not resolution. Featured image from ChatGPT, chart from TradingView.com

Ethereum price started a recovery wave above $2,950. ETH is now consolidating and might soon attempt another recovery wave if it clears $3,050. Ethereum started a decent upward move above the $2,950 zone. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,050 zone. Ethereum Price Eyes More Gains Ethereum price started a decent increase from $2,775, like Bitcoin. ETH price was able to surpass the $2,850 and $2,880 resistance levels to enter a positive zone. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $3,175 swing high to the $2,775 low. Moreover, there was a break above a bearish trend line with resistance at $2,920 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,950 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,020 level and the 61.8% Fib retracement level of the downward move from the $3,175 swing high to the $2,775 low. The next key resistance is near the $3,050 level. The first major resistance is near the $3,080 level. A clear move above the $3,080 resistance might send the price toward the $3,150 resistance. An upside break above the $3,150 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,220 resistance zone or even $3,250 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,050 resistance, it could start a fresh decline. Initial support on the downside is near the $2,950 level. The first major support sits near the $2,915 zone. A clear move below the $2,915 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,840 region. The next key support sits at $2,800. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,915 Major Resistance Level – $3,050

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

The Ethereum market has seen an eventful display throughout 2025, kicking off the year with bearish momentum, where it witnessed a significant downturn of over 60% as of April. Interestingly, this year also marked the establishment of a new all-time-high for the king of altcoins, reaching values around $4,955 in August.  At the moment, Ethereum has deviated by nearly 40% from its all-time-high price, raising questions concerning how the token would end the year. Notably, market analyst Ali Martinez has published a recent analysis, highlighting significant price levels that the bullish speculations ultimately depend on. Related Reading: Ethereum Exchange Supply Just Crashed To New Lows, Why This Is Bullish For Price URPD Reveals Significant Accumulation At $2,772 — What This Means  In an X post on December 19, Martinez reports that specific price zones should at least serve as cushions to Ethereum’s bearish move. The post relies on data obtained from the URPD (UTXO Realized Price Distribution) metric, which reveals price levels where the current supply of a cryptocurrency last moved on-chain. In the chart shared below, we see a high concentration of acquired Ethereum supply at the $2,772 price mark, suggesting that a significant number of investors purchased their holdings at this price, or around it. Therefore, investors are more likely to defend their holdings around this level, thus transforming it into a strong psychological support. Interestingly, more tokens are expected to be purchased at this level, adding to the amount of buy momentum, counteracting the extant sell-pressure. If Ethereum, however, attempts a further push to the upside, significant resistance levels at the $3,211 and $3,224 price levels lie in wait.   Related Reading: Ethereum Exchange Outflows Soar To $978M: Sign Of Dip Buying? $2,489 And $1,866 Next Supports In Line If $2,772 Fails If its heavily-defended support fails, the Ethereum price could see a free-fall towards the next psychological support. Martinez points out that this cushion sits at $2,489. From the chart, a fair bit of ETH supply was last transacted at this price region. Because the magnitude of transactions is ostensibly insignificant, $2,489 could likely only provide temporary relief to the falling Ethereum price, if it is reached. Therefore, there could be a continued series of sales until the Ether token sees its last significant support around the $1,866 price. In this scenario, the Ethereum market would be experiencing a major sentiment shift as a result of its uncurbed fall to its last support.  As of this writing, Ethereum is valued at approximately $2,987. Data from CoinMarketCap shows that the token has gained by 5.56% in 24 hours. Featured image from Pexels, chart from Tradingview

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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