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

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

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

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

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

After weeks of speculation, BlackRock, the world’s largest asset manager, has officially filed for a staked Ethereum (ETH) Exchange-Traded Fund (ETF) with the US Securities and Exchange Commission (SEC). Amid the bullish news, the King of Altcoins’ price is attempting to break out of a two-month resistance, which could set the stage for a retest of higher levels. Related Reading: XRP ETFs Record 13-Day Streak As SOL Funds See Largest Outflows Since Launch BlackRock Files For Staked Ethereum ETF BlackRock has submitted an S-1 form with the US SEC to get approval for its iShares Ethereum Staking Trust (ETHB), which “seeks to reflect generally the performance of the price of ether and rewards from staking a portion of the Trust’s ether, to the extent the Sponsor in its sole discretion determines that the Trust may do so without incurring undue legal or regulatory risk.” Filed on December 5, BlackRock’s registration statement explains that, if approved, the proposed fund aims to stake 70% to 90% of its Ethereum holdings, distributing staking rewards to stakeholders at least quarterly. Coinbase Custody Trust will serve as the custodian for the Trust’s ETH holdings, the filing noted, while Anchorage Digital Bank will be an available alternative custodian for the Trust’s ether holdings. Meanwhile, the Bank of New York Mellon will serve as the custodian for the Trust’s cash holdings and the administrator of the Trust. Notably, BlackRock’s ETHB will operate separately from its spot ETH fund, the iShares Ethereum Trust ETF (ETHA), which is the largest in its category with $11 billion in assets under management (AUM). It’s worth noting that the crypto community began speculating about BlackRock’s upcoming staked ETH fund after the leading asset manager registered the name in Delaware last month. In a November report, 10x Research argued that the potential introduction of a staked Ethereum ETF by BlackRock would bring “increased scrutiny” to “the economics of DATs” as retail investors would reallocate to a low-cost source of yield. The report added that many investors are unaware that Digital Asset Treasury (DATs)’s embedded costs “far exceed” the management fee charged by asset managers like BlackRock on its Bitcoin (BTC) and ETH ETFs. ETH Nears Key Downtrend Line Ethereum’s price started the week attempting to reclaim a crucial area after managing to hold the $3,000 level as support despite the volatility during the weekend. The cryptocurrency surged nearly 3% in the daily timeframe, hitting $3,180 before retracing on Monday. Amid this performance, analyst Ali Martinez suggested that “it’s time to pay attention to ETH,” noting that it nears a key level that could push the price to higher zones. Per the chart, Ethereum briefly broke out of its two-month downtrend line, which has served as resistance since early October. Over this period, the King of Altcoins has attempted to break out of this level twice, but has ultimately been rejected during each attempt. On Monday morning, ETH briefly broke above the trendline before being rejected a third time. However, if Ethereum reclaims the $3,120-$3,130 levels and turns the downtrend into support, it could build the base for a retest of the $3,200-$3,300 horizontal levels, which marks the lower boundary of its Q3 and early Q4 price range. Related Reading: Bitcoin Price Slides Below $90,000 – Is A Retest Of The November Lows Near? Meanwhile, Rekt Capital asserted that Ethereum Dominance (ETHDOM) continues to move within its macro consolidation range, holding support at the 11.67% level. He previously affirmed that if “ETHDOM can maintain itself above 10.05% then it should be positioned for higher market dominance levels over time.” The analyst added that although history suggests a potential 2.5% drop to the consolidation range lows, this dip would occur “in the context of a macro move to 18%-20%” in the future. As of this writing, Ethereum is trading at $3,114, a 13.7% increase on the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price started a fresh increase above $3,050. ETH is now consolidating gains and might aim for more gains if it clears the $3,180 resistance. Ethereum started a fresh increase above the $3,020 and $3,050 levels. The price is trading above $3,075 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,180 zone. Ethereum Price Faces Resistance Ethereum price managed to stay above $2,950 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $3,020 and $3,050 resistance levels. However, the bears were active below $3,200. A high was formed at $3,179 and the price is now consolidating. There was a minor drop below the 23.6% Fib retracement level of the upward wave from the $2,914 swing low to the $3,179 low. Ethereum price is now trading above $3,075 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,150 level. There is also a short-term contracting triangle forming with resistance at $3,150 on the hourly chart of ETH/USD. The next key resistance is near the $3,180 level. The first major resistance is near the $3,220 level. A clear move above the $3,220 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 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. Downside Break In ETH? If Ethereum fails to clear the $3,180 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 $3,015 zone and the 61.8% Fib retracement level of the upward wave from the $2,914 swing low to the $3,179 low. A clear move below the $3,015 support might push the price toward the $2,975 support. Any more losses might send the price toward the $2,920 region. The next key support sits at $2,840 and $2,820. 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 – $3,015 Major Resistance Level – $3,180

Ethereum is edging closer to a major decision point as price action tightens between key support and resistance levels. Momentum is building, but the market now awaits to see whether bulls can force a breakout or if a deeper pullback ensues. Ethereum Holds The Line: $3,000 Support Ignites Fresh Upside According to a recent update by analyst Ted Pillows, Ethereum has demonstrated resilience in the face of recent market volatility. The asset successfully held up the crucial $3,000 level and is now showing signs of moving higher, suggesting that this level remains a strong foundation for the current price action. Related Reading: Ethereum Shows Strength: Indicators Suggest Bigger Moves Ahead Ted highlighted a significant external factor contributing to the upward pressure: some large whales have reportedly opened ETH long positions. This institutional or large-scale buying interest has been identified as a major driver fueling the current price move, suggesting that deep-pocketed investors anticipate further appreciation. The analyst provided a clear trigger zone for the next significant leg up. If ETH can break decisively above the $3,300–$3,400 level, it will serve as structural confirmation, expected to trigger a swift rally to the next resistance zone between $3,700 and $3,800. However, Ted also outlined the risk scenario. A failure to break above the $3,300–$3,400 zone could result in the asset turning back down for another retest of the foundational $3,000 zone. Upside Reaction Expected From Major Support Zone In an earlier update, More Crypto Online highlighted that Ethereum is currently reacting from a major weekly support zone, suggesting that an upside move remains likely. However, the analysis also noted the possibility of one more low before a stronger reaction takes shape, keeping both scenarios firmly in play. Related Reading: Ethereum Is Sitting On Its Most Critical On-Chain Support Level — A Rally Emerging? The key resistance area above remains the most important region to watch. Once ETH approaches this zone, the market will essentially be forced to decide which direction it will take over. Both bullish and bearish scenarios remain valid based on the broader market structure.  What ultimately shifts the probability toward one side is how ETH behaves at these critical levels. A sustained hold and strong reaction could reinforce the bullish case, while weakness or rejection could signal the opposite. For now, the market is still in the phase before major confirmation. If Ethereum loses support and forms a clear five-wave decline to the downside, the bearish “white scenario” becomes the leading outlook. Until then, the chart simply outlines the conditions that will reveal the market’s preferred path once price makes its next decisive move. Featured image from Freepik, chart from Tradingview.com

Ethereum has reclaimed the $3,150 level after a volatile stretch, offering a rare sign of strength in an otherwise uncertain market. The broader crypto landscape remains sharply divided: some analysts argue that ETH and the rest of the market still face downward continuation, potentially setting new local lows, while others believe this correction is simply a reset before a much larger bull cycle—possibly extending into 2026. Related Reading: Bitcoin Must Break $97K To Restore Confidence Among Youngest Long-Term Holders – Details Yet one signal stands out clearly amid the noise: smart whales are unanimously going long on ETH. On-chain data shows that several of the most profitable and consistent whale traders—each with tens of millions in realized gains—have opened substantial long positions, collectively exceeding hundreds of millions of dollars. Their coordinated behavior indicates confidence that Ethereum’s recent lows represent opportunity rather than danger. This alignment among top-performing whales introduces a compelling counterpoint to bearish narratives. While retail sentiment remains fragile, the most sophisticated market participants appear to be positioning for a larger move ahead. As Ethereum stabilizes above $3,150, the question now becomes whether whale conviction will prove to be early—or correct. Top Performers Load Up on Ethereum According to Hyperdash data shared by Lookonchain, some of the most successful and influential whales in the market are aggressively accumulating Ethereum—sending a strong signal that high-conviction players expect upside ahead. One of the most notable is BitcoinOG, the trader widely recognized for shorting the market during the violent 10/10 crash, a move that earned him significant credibility. With a total realized PNL of $105 million, BitcoinOG is now positioned firmly on the bullish side, holding 54,277 ETH worth approximately $169.48 million. Another major player is the well-known Anti-CZ whale, named for his historical pattern of taking the opposite side of positions favored by Binance founder Changpeng Zhao. With an impressive $58.8 million in total PNL, this whale is currently long 62,156 ETH—a massive $194 million position. His trades have often been early indicators of broad market direction, adding weight to this shift toward bullish exposure. Finally, pension-usdt.eth, a consistently profitable whale address with $16.3 million in realized gains, is long 20,000 ETH valued at $62.5 million. Taken together, these positions reflect a unified stance among top-performing whales: despite market uncertainty, they are positioning for Ethereum strength. Related Reading: Ethereum Shows Signs Of Accumulation As CVD Strengthens And Correlation Stays Elevated Weekly Structure Shows Early Signs of Stabilization Ethereum’s weekly chart reveals a market attempting to regain its footing after a sharp multi-week decline from the $4,500 region. The recent reclaim of $3,150 is a meaningful development, as this level aligns closely with prior weekly support from mid-2024 and sits just above the 50-week moving average—an area that often acts as a trend-defining zone. ETH briefly dipped below this region during the November selloff, but buyers stepped in aggressively, producing a strong weekly wick that signals demand at lower levels. Despite this recovery attempt, ETH remains below key resistance levels. The 20-week and 100-week moving averages are positioned above the current price and converging, creating a zone of potential rejection unless momentum strengthens. For now, ETH is trading in a transitional structure: no longer trending downward aggressively, but not yet showing a confirmed bullish reversal on high timeframes. Related Reading: Ethereum NUPL Holds Steady, Signaling Market Balance Amid Volatility Volume patterns also support this interpretation. Selling volume has diminished compared to the capitulation phase, while recent green candles show moderate but steady buying interest—suggesting accumulation rather than full risk-on behavior. If ETH can establish consecutive weekly closes above $3,200–$3,300, the chart opens the door for a retest of the $3,600–$3,800 range. Failure to hold $3,150, however, risks another move toward $2,800 support. Featured image from ChatGPT, chart from TradingView.com

Ethereum has reclaimed the $3,150 level after a volatile Sunday session that left traders divided on what comes next. Some analysts warn that ETH’s recent bounce is nothing more than a temporary pause before the downtrend resumes, while others see signs of a potential bullish reversal forming at current levels. Related Reading: Bitcoin Must Break $97K To Restore Confidence Among Youngest Long-Term Holders – Details Fresh data from Binance reveals that Ethereum is now entering a delicate phase. Price momentum has clearly weakened, yet open interest remains relatively high despite the decline from the $3,900 region. This disconnect highlights a major shift in futures market behavior: traders are holding positions, but not aggressively increasing them. The 30-day open interest Z-Score currently sits at 0.50, indicating that OI is just slightly above its 30-day average—well within normal volatility bands. Unlike previous corrections, where open interest surged during heavy selling, the current reading suggests neither extreme leverage buildup nor panic-driven position closures. This unusual combination—weakening momentum paired with stable open interest—underscores a market in transition. Whether Ethereum resumes its downtrend or begins carving out a recovery will depend on how quickly momentum returns to spot and futures markets in the days ahead. Open Interest Stability Signals a Market in Repositioning According to the Arab Chain report on CryptoQuant, Ethereum’s $6.61 billion in open interest highlights that traders are still holding a substantial share of their positions despite the sharp decline from $3,900 to below $3,200. This divergence—falling price but steady OI—is characteristic of market repositioning phases, where traders reduce activity without fully exiting the market. The supporting metrics reinforce this view: the OI avg30 sits at $6.44 billion, and the OI std30 at $329 million, indicating that current fluctuations remain well within normal volatility ranges. There is no sign of aggressive position buildup or liquidation pressure. With the Z-Score at 0.50, the modest rise in open interest does not suggest overwhelming bearish leverage. Instead, it shows that traders are still engaging with the market and selectively building new positions as price declines. This level of participation is important: it signals that the derivatives market is active but not overheated. Ethereum’s price weakness, driven by fading momentum after failing to sustain its previous highs, leaves the market at an inflection point. If large traders are predominantly short, stable OI could support the continuation of downward pressure. However, if long positions dominate, this same stability may lay the groundwork for a rebound once momentum returns. Related Reading: Ethereum Shows Signs Of Accumulation As CVD Strengthens And Correlation Stays Elevated Testing Momentum as Bulls Attempt to Reclaim Control Ethereum is attempting to stabilize above the $3,150–$3,160 zone after a volatile multi-week decline. The chart shows ETH rebounding from a local low near $2,750, forming a short-term rising structure. However, momentum remains fragile. The 50-day SMA continues to slope downward and sits well above current price action, reinforcing the broader downtrend. Until ETH can break and close above this moving average, upside attempts will likely face resistance. The 100-day SMA is also declining, converging with the $3,350–$3,400 region—an area that could act as the next major ceiling for any bullish continuation. Meanwhile, the 200-day SMA remains flat but sits just above price, creating an additional barrier around $3,250–$3,300. This cluster of resistance levels confirms that Ethereum is still operating within a corrective structure despite the recent bounce. Related Reading: XRP On-Chain Velocity Hits Yearly High As Network Activity Explodes Volume has tapered off noticeably compared to the heavy sell-side spikes seen in November. This suggests that the rebound may be driven more by diminishing selling pressure than strong spot demand. If volume remains weak, ETH may struggle to build enough momentum for a sustained recovery. Featured image from ChatGPT, chart from TradingView.com

Ethereum price started a fresh increase above $3,000. ETH is now consolidating gains and might aim for more gains above $3,150. Ethereum started a fresh increase above the $3,000 and $3,020 levels. The price is trading above $3,050 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,150 zone. Ethereum Price Eyes Additional Gains Ethereum price managed to stay above $2,920 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $3,000 and $3,020 resistance levels. Recently, the price saw a downside correction from the $3,240 zone. There was a drop below the 50% Fib retracement level of the upward wave from the $2,718 swing low to the $3,240 low. However, the bulls remained active near the $2,920 zone. Ethereum price is now trading above $3,050 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,140 level. There is also a key bearish trend line forming with resistance at $3,140 on the hourly chart of ETH/USD. The next key resistance is near the $3,200 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 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 Downside Correction In ETH? If Ethereum fails to clear the $3,140 resistance, it could start a fresh decline. Initial support on the downside is near the $3,050 level. The first major support sits near the $3,000 zone. A clear move below the $3,000 support might push the price toward the $2,950 support. Any more losses might send the price toward the $2,920 region and the 61.8% Fib retracement level of the upward wave from the $2,718 swing low to the $3,240 low. The next key support sits at $2,840 and $2,820. 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 – $3,050 Major Resistance Level – $3,140

Ethereum is gaining momentum, and several technical signals suggest that a significant move could be on the way. With key support levels holding and bullish patterns forming, the market may be setting up for a notable upside. Golden Pocket Rejection: Confirming The High-Risk Scenario In a recent update on X, analyst Luca referenced his recent market commentary, noting that Ethereum price action unfolded exactly as he had anticipated, with the price tapping into the lost high-timeframe support range. This range aligned with the golden pocket between the 0.5 and 0.618 Fibonacci retracement levels, and the price rejected there, confirming the high-risk scenario he had highlighted in advance. Related Reading: Ethereum Coils For A Breakout As IH&S + Heavy Accumulation Emerges Since that rejection, the price has broken below the key 0.618 Fibonacci Point of Interest (POI). However, the asset is still managing to hold above the crucial 1-Day Bull Market Support Band. Luca stressed that this band has historically served as a strong reversal spot over the last couple of months. Thus, he believes the current low-timeframe market structure is not yet fully invalidated. Despite this technical hold, the analyst reiterated his cautious approach, stating that until he sees clear signs of strength on the low-timeframes, signs that can durably confirm the bottom is in and that key support levels are properly reclaimed, he won’t scale out of his edges. Luca concluded that until that concrete bullish confirmation materializes, the most likely outcome for the immediate future remains further consolidation. The market needs time to absorb the recent volatility and build a new base before a more durable reversal to the upside can take hold. ETH/BTC Trendline Breakout: Market Risk Appetite Returns Crypto analyst Paramatik outlined that a major structural event has occurred on the ETH/BTC charts: a falling trend breakout. This is a highly significant development, although Paramatik suggests that a retest of this broken trendline may occur before the upcoming Federal Reserve meeting. Related Reading: Ethereum Is Sitting On Its Most Critical On-Chain Support Level — A Rally Emerging? The analyst provided clarity on what this breakout means for the broader market. First and foremost, this situation is interpreted as a strengthening signal for Ethereum. When ETH begins to gain value relative to Bitcoin, it typically indicates that the market’s overall risk appetite is returning, as investors shift capital from BTC to ETH. Secondly, the gained strength in Ethereum is often the key trigger for the start of the much-anticipated altcoin season. This is because investors first shift funds from BTC to ETH, and then move capital into the riskier, smaller altcoins in hopes of achieving higher returns. Paramatik summarized his findings by stating that this breakout in the ETH/BTC pair is not merely a technical line break; it is a harbinger of a market direction change. The analyst concluded with an analogy that the market has reached a state where every external event, even humorously irrelevant ones, could affect crypto prices. Featured image from Freepik, chart from Tradingview.com

Industry leader Tom Lee has shared how the Ethereum price could reach $12,000 within the next few months. He based his prediction on the Bitcoin price action and how ETH could match the flagship crypto on a potential run to the upside.  Tom Lee Explains How The Ethereum Price Could Rally To $12,000 Speaking at the Binance Blockchain Week, Tom Lee predicted that the Ethereum price could reach $12,000 as Bitcoin rallies to $250,000 within the next few months. He explained that ETH can reach the $12,000 target if the ETH/BTC ratio returns to its eight-year average of 0.0479. Lee described this potential rally to $12,000 as a “huge move.” Related Reading: Ethereum Price To Recover Or Crash? The Real ‘Leverage Point’ Investors Should Know About Tom Lee further predicted that the Ethereum price could reach $22,000 if the ETH/BTC ratio gets to its 2021 high of 0.0873. He added that he believes Ethereum will become the future of finance and the payment rails. As such, Lee predicted that the ETH/BTC ratio could reach 0.2500, sparking an Ethereum rally to as high as $62,500. In line with this, the expert declared that ETH at $3,000 is “grossly undervalued.” Tom Lee also remarked that the bigger the base, the bigger the breakout for the Ethereum price. He noted that ETH spent years building a similar base to its current price action before the move from $90 to its previous all-time high (ATH) of $4,866. The expert added that if the pattern plays out again, the next leg could be larger than what people expect.  It is worth noting that Tom Lee is the chairman of BitMine, which is the largest Ethereum treasury company. According to Strategic ETH Reserve data, the company currently holds 3.73 million ETH, which is just over 3% of the altcoin’s total supply. Lee remains bullish on the Ethereum price, despite his company holding an unrealized loss of $3.3 billion of their ETH investment.  A Rally To $62,000 Is “Ambitious” Market commentator Milk Road described Tom Lee’s Ethereum price prediction of $62,000 in a few months as being ambitious. The platform stated that an ETH/BTC ratio of 0.25 has never happened. The highest it has ever gone is 0.15, and that was during the 2017 supercycle, which makes it less likely now, given that market conditions have changed.  Related Reading: When Will Bitcoin, Ethereum, And Dogecoin Go Into A Bear Market? Tom Lee had based his Ethereum prediction on Bitcoin hitting $250,000, which Milk Road also described as an issue. The market commentator noted that BTC would need to surge 177% from current prices to reach this target. The last time this happened was in 2020 when it surged from $7,000 to $19,000 during the “peak mania.” Notably, BTC didn’t record a 100% gain even when the Bitcoin ETFs launched last year.  At the time of writing, the Ethereum price is trading at around $3,000, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Freepik, chart from Tradingview.com

Ethereum is holding firmly above the $3,150 level as the market shifts into a more bullish phase after enduring weeks of heavy selling pressure and fear-driven liquidation. The recovery has sparked debate among analysts: some view the bounce as nothing more than a relief rally within a broader bearish trend, while others believe Ethereum may be building the foundation for a more sustained rebound. Related Reading: XRP On-Chain Velocity Hits Yearly High As Network Activity Explodes A new CryptoQuant report offers one of the clearest insights. According to Ethereum data on Binance, the past several weeks have shown heightened volatility in the Cumulative Volume Delta (CVD) — a metric that tracks real-time buying and selling pressure. This volatility reflects sharp, rapid shifts in trader behavior as the market attempts to stabilize. Although Ethereum remains in a downtrend from its August peak, recent CVD spikes point to the return of notable buying activity. However, the report emphasizes that these bursts of demand are sporadic and lack the sustained strength needed to confirm a full bullish reversal. CVD Volatility Highlights Ongoing Battle Between Buyers and Sellers According to the Arab Chain report, Ethereum’s CVD recently turned positive, coinciding with the price’s attempt to stabilize above the $3,100 level. This shift indicates fresh liquidity entering the market through short-term buy orders, suggesting that some traders are stepping in to accumulate during dips. However, the sudden spikes and rapid pullbacks within the CVD reveal that the market remains locked in a strong tug-of-war between buyers and sellers. This volatility underscores the fact that Ethereum has not yet reached either temporal stability or a clear structural trend. The report also highlights the importance of the 30-day correlation between price and CVD, which has held steady at around 0.6 despite lower price levels. This relatively high reading shows that liquidity flows continue to influence Ethereum’s price direction in a meaningful and consistent way. Even though buying pressure appears irregular, its recurring impact on price suggests that traders are still actively responding to market conditions. Overall, this pattern reflects investors attempting to capitalize on volatility, especially as anticipation grows around potential liquidity inflows tied to upcoming network upgrades. Yet, Arab Chain stresses that without a more sustained accumulation phase and reduced short-term selling, Ethereum may struggle to generate a decisive upward movement. Related Reading: Ethereum NUPL Holds Steady, Signaling Market Balance Amid Volatility Ethereum Attempts a Recovery but Faces Key Resistance Ethereum’s latest price action shows a cautious recovery as ETH climbs back above the $3,150 level, but the chart reveals that the broader structure remains fragile. After a steep decline from the October highs near $4,500, ETH found support slightly above $2,700, where buyers stepped back in with increased volume—visible in the recent surge of green candles at the bottom of the chart. This reaction suggests renewed interest at lower levels, but not yet a decisive shift in trend. The price is now pressing against the 100-day SMA (red line), a level that previously acted as support and has now flipped into resistance. Reclaiming this line would be an important step toward restoring bullish momentum. Above it, ETH faces another barrier at the 50-day SMA (blue line), which continues to slope downward, reflecting ongoing medium-term selling pressure. Related Reading: Bitmine Buys Another 18,345 Ethereum ($54.94M) In Fresh Accumulation Push – Details Despite the rebound, volume remains inconsistent, indicating hesitation among market participants. ETH will need stronger follow-through buying to challenge the next resistance zone around $3,300–$3,350, a region aligned with previous breakdown levels. Featured image from ChatGPT, chart from TradingView.com

Ethereum price started a fresh increase above $3,200. ETH is now consolidating gains and might aim for more gains above $3,250. Ethereum started a fresh increase above the $3,050 and $3,120 levels. The price is trading above $3,120 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,240 zone. Ethereum Price Eyes Another Upside Break Ethereum price managed to stay above $2,920 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $3,000 and $3,050 resistance levels. The bulls even pumped the price above $3,150.  However, the bulls struggled to clear $3,240 and $3,250. A high was formed at $3,239 and the price recently corrected some gains. There was a spike below the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low. Ethereum price is now trading above $3,120 and the 100-hourly Simple Moving Average. There is also a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $3,200 level. The next key resistance is near the $3,240 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 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. Downside Correction In ETH? If Ethereum fails to clear the $3,240 resistance, it could start a fresh decline. Initial support on the downside is near the $3,120 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 $3,000 support. Any more losses might send the price toward the $2,980 region and the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low in the near term. The next key support sits at $2,850 and $2,840. 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 – $3,130 Major Resistance Level – $3,240

Ethereum is approaching a critical moment as multiple bullish signals begin to align. A clear Inverse Head & Shoulders formation, combined with rising accumulation and weakening trend rejection, suggests that the market may be gearing up for a powerful upside move. With momentum tightening and key levels coming into focus, ETH now stands on the verge of a breakout that could set the stage for its next major rally. Inverse Head And Shoulders Signals Brewing Momentum According to a recent update shared by crypto analyst Donald Dean, Ethereum may be gearing up for a significant move. He highlighted the development of a potential inverse head and shoulders pattern, a classic bullish reversal formation that often precedes strong upward momentum. This emerging structure suggests that ETH could soon shift into a more aggressive bullish phase if confirmed. Related Reading: Ethereum Rockets Higher, Narrowing Distance to a Make-or-Break Resistance Line Dean also pointed out that the weekly chart is showing solid support near the 50% Fibonacci retracement level, positioned around $2,750. Adding to the bullish signals, a hammer candle has appeared on the weekly timeframe, hinting at buying pressure stepping back in after recent downside movement. If the pattern plays out, Dean noted that Ethereum’s first major target lies at $4,109, a level that would allow ETH to challenge previous resistance/support zones. Reclaiming this region would mark a meaningful shift in momentum and strengthen the bullish outlook for the asset. Beyond that, the next upside target sits near $5,766, which aligns closely with the 1.618 Golden Ratio extension calculated at approximately $5,793.51. Dean described this confluence as particularly noteworthy, suggesting that if Ethereum breaks above its nearer targets, a larger rally toward this golden-ratio level becomes a realistic possibility. Growing Accumulation Suggests Bulls Are Preparing For Action In an earlier analysis, LSTRADER reminded followers of the impressive move from $1,600 to $4,800, noting that this surge had been identified in advance through both the ETH chart and the ETH/BTC setup. The analysis captured the momentum shift that preceded the rally, reinforcing the value of tracking key structural signals. Related Reading: Ethereum Open Interest Cut In Half As $6.4B In Positions Vanish: Market Reset Accelerates In the current market structure, LSTRADER noted that the chart clearly shows multiple instances where the trend faced rejection. Despite these rejections, the trend is steadily losing strength while accumulation continues to build, a combination that typically reflects growing bullish interest and the potential for an upward breakout. However, LSTRADER stressed that no major move should be assumed until the trendline itself is broken, and confirmation is still required. For now, patience is key as traders continue monitoring the structure and waiting for a decisive shift in trend direction. Featured image from Freepik, chart from Tradingview.com

Ethereum has witnessed a recovery surge recently as on-chain data shows the shark-sized investors have been participating in strong buying. Ethereum Sharks Have Added 450,000 ETH Since Mid-November According to data from on-chain analytics firm Santiment, the supply of the Ethereum sharks has gone up recently. The indicator of relevance here is the “Supply Distribution,” measuring the total amount of tokens that a given wallet group as a whole is holding right now. Related Reading: Next Key XRP Level Could Be $1.2 If Current Support Fails, Says Analyst In the context of the current topic, the cohort of focus is the one corresponding to a coin range of 1,000 to 10,000 ETH. At the current exchange rate, the lower bound of the range roughly converts to $3.2 million and the upper one to $32 million. Investors of this large size are popularly known as the sharks. While not as massive as the whales (addresses with more than 10,000 ETH), the sharks are still considered influential entities. This can make their behavior often worth keeping an eye on. As the chart below, shared by Santiment, suggests, the latest Ethereum shark behavior has been one of accumulation. During the November price decline, the Supply Distribution had been going down for the Ethereum sharks, but around the time of the market bottom, its trend began to reverse. Between November 18th and December 2nd, the sharks added a total of 450,000 ETH (worth about $1.4 billion) to their wallets, a massive amount. Alongside this sharp uptick in the metric, ETH went through its price recovery. The cryptocurrency’s sharp retrace to start December didn’t dissuade these large hands, either, as their supply only continued to rise. This may be one of the factors behind the quick resumption of bullish momentum that the asset has seen. Another bullish factor has been the trend in the Network Growth, another on-chain indicator displayed in the chart. This metric measures the daily number of addresses that are coming online on the Ethereum network for the first time. A wallet is considered “online” when it participates in transaction activity on the blockchain, so the Network Growth essentially tracks the addresses making their very first transfer. From the graph, it’s visible that this Ethereum metric has also surged recently, hitting a peak value of 190,000 addresses. Generally, a surge in network activity is usually a positive sign for any rally’s sustainability, as it implies that the network is able to attract fresh attention. Related Reading: Bitcoin Blasts To $92,000, Liquidating $182 Million In Shorts That said, too much attention too fast can actually end up having a negative effect on the cryptocurrency. It now remains to be seen whether the sharks will continue to buy in the near future and if investor FOMO will remain at healthy levels. ETH Price At the time of writing, Ethereum is floating around $3,185, up more than 5% over the last seven days. Featured image from Dall-E, Santiment.net, chart from TradingView.com

Ethereum is demonstrating notable relative strength after reclaiming the $3,150 level and attempting to push higher, offering a refreshing shift in sentiment following weeks of intense selling pressure, fear, and market-wide uncertainty. As the broader crypto landscape begins to stabilize, ETH stands out as one of the assets showing early signs of recovery, drawing renewed attention from traders and long-term investors alike. Related Reading: Tron Hits $80.2B Stablecoin Milestone After Tether Mints 1B USDT On The Network A key factor supporting this shift is the Net Unrealized Profit/Loss (NUPL) reading for Ethereum on Binance, which is currently sitting around 0.22 while price trades near $3,100. This level reflects a delicate equilibrium between fear and optimism, indicating that a significant portion of ETH holders remain in moderate profit. Importantly, NUPL has not yet moved into the “greed” zone typically seen in the late stages of a bullish cycle, suggesting that the market is far from overheated. Instead, Ethereum appears to be transitioning into a more neutral, constructive phase where investors are cautiously optimistic but not excessively euphoric. This balance often forms the foundation for a healthier recovery, especially after a deep correction. If momentum continues building and NUPL remains stable or trends higher, ETH could be positioning itself for a stronger upside move in the coming weeks. NUPL Signals a Transitional Market Phase Arab Chain notes that Ethereum’s NUPL index experienced a significant rise between June and August, reaching levels far higher than today and reflecting strong profitability across the network during mid-2025. At that time, investor sentiment leaned toward optimism, supported by rising prices and improving macro conditions. However, as Ethereum’s price began to decline steadily from October onward, unrealized profits started to shrink. This pushed NUPL down toward more neutral territory, signaling a shift in sentiment from elevated optimism to a more grounded, cautious outlook. Crucially, NUPL has not fallen into negative territory, meaning the average ETH holder has not transitioned into unrealized losses. This is an important sign of underlying market strength. When investors remain in profit, they tend to be less motivated to sell aggressively at lower prices, reducing the risk of panic-driven capitulation and helping stabilize price action during corrections. Taken together, these signals indicate that Ethereum is currently in a transitional phase. The market is neither euphoric nor fearful—rather, it is waiting for a decisive catalyst to define the next trend. As long as NUPL stays above 0.20, Ethereum retains a meaningful level of investor confidence, increasing the likelihood of a rebound if liquidity strengthens or positive fundamental developments emerge. Related Reading: Bitmine Buys Another 18,345 Ethereum ($54.94M) In Fresh Accumulation Push – Details ETH Rebounds Strongly on the Weekly Chart Ethereum’s weekly chart shows a powerful rebound as price surges back above the $3,150–$3,200 region, reclaiming a critical support band that had turned into resistance during the November sell-off. The long lower wick from last week’s candle confirms strong buy-side interest around the $2,700–$2,800 zone, an area that has historically acted as a major demand region during multi-month corrections. ETH has now reclaimed the 100-week SMA, a key trend indicator currently positioned near $2,900, signaling renewed structural stability. The 200-week SMA, sitting comfortably lower, continues to reinforce the long-term uptrend. However, the 50-week SMA, which has flattened and now looms around the $3,350–$3,400 level, represents the next significant resistance level. ETH will need a decisive weekly close above this moving average to confirm a true shift back into bullish momentum. Related Reading: Ethereum Open Interest Cut In Half As $6.4B In Positions Vanish: Market Reset Accelerates Volume on the rebound is notably stronger than in previous consolidation phases, suggesting increased participation and growing confidence among market participants. However, ETH is not yet in the clear. The series of lower highs since the September peak forms a descending structure that must be broken for a sustained uptrend to resume. Featured image from ChatGPT, chart from TradingView.com

Ethereum price started a fresh increase above $3,120. ETH is now attempting to clear the $3,250 resistance and might accelerate higher. Ethereum started a fresh increase above the $3,000 and $3,120 levels. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,250 zone. Ethereum Price Eyes More Gains Ethereum price managed to stay above $2,880 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $2,950 and $3,000 resistance levels. The bulls even pumped the price above $3,120.  However, the price is now testing a key barrier at $3,250. A high was formed at $3,239 and the price is now consolidating above the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low. Ethereum price is now trading above $3,150 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 $3,265 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 $3,450 resistance. An upside break above the $3,450 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,540 in the near term. Downside Correction 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 $3,160 level. The first major support sits near the $3,120 zone and the trend line. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $2,980 region and the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low in the near term. The next key support sits at $2,920 and $2,880. 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 – $3,120 Major Resistance Level – $3,250

The highly anticipated Fusaka Upgrade for Ethereum is on the verge of going live on Wednesday, heralding significant enhancements to the network’s overall functionality.  Analysts contend that this pivotal development could usher in a considerable supply crunch for ETH, potentially boosting its price during a challenging period for the broader cryptocurrency market. Layer 2 Solutions To Boost ETH Burn According to analysts at Bull Theory, the Fusaka Upgrade integrates components from previous upgrades—Osaka, Fulu, and PeerDAS—but its most impactful feature is its resolution of one of Ethereum’s biggest challenges.  Layers 2 (L2) solutions have long utilized Ethereum’s security while contributing minimal fees back to the network. Despite L2 solutions like Base, Arbitrum, Optimism, and zkSync generating millions in fees from users, the fees recorded on Ethereum tended to diminish to nearly zero when they posted their data.  Consequently, this meant that significant L2 activity did not result in substantial ETH being burned, even though approximately 85% of Ethereum transactions now occur on these Layer 2 solutions. Related Reading: Bitcoin Slump Claims New Victims: Leveraged ETFs Tied To Strategy Suffer Major Losses The Fusaka Upgrade fundamentally changes this dynamic. A key enhancement is EIP-7918, which mandates that Layer 2 transactions pay real fees to Ethereum.  This adjustment ensures that every L2 transaction will contribute directly to the burning of ETH—something that was not previously guaranteed. The analysts assert that this feature represents one of the most significant value shifts since the introduction of EIP-1559. Post-Fusaka Projections The upgrade is further expected to broaden the scope of ETH burn from being predominantly derived from Layer 1 (L1) transactions to encompassing all L2 activity.  Historically, most ETH burn has originated from mainnet transactions; thus, the network saw slight inflation in 2024–2025 as Layer 2s made transactions cheaper, leading to a decrease in ETH burn while staking continued to issue new ETH.  Post-Fusaka, every L2 blob will incur a minimum cost, which will be burned. As Layer 2 adoption increases, the rate at which ETH is burned will also rise, contributing to increased scarcity of ETH. This enhancement positions Ethereum to shift back towards deflation for the first time in several years. Currently, ETH issues around 620,000 new tokens annually for stakers while burning approximately 350,000 tokens. This results in a net slight inflation.  However, projections following the Fusaka Upgrade, even with conservative estimates, suggest that the additional burn from L2 activity could range from 200,000 to 400,000 ETH per year.  Combined with existing burn rates, this could bring the total to over 600,000 ETH, leading to a net neutral or slightly deflationary state for ETH.  More bullish models predict that if L2 adoption flourishes and demand for blobs rises, burn rates could soar to between 900,000 and 1.2 million ETH annually, resulting in a supply decrease of 200,000 to 300,000 ETH each year.  Monetary Transformation For Ethereum? Another notable aspect of the Fusaka upgrade is PeerDAS, which enhances Layer 2 growth by reducing bandwidth requirements by 85%. This efficiency allows L2 solutions to publish more blobs at lower costs, resulting in increased fees and, consequently, more ETH burned. Related Reading: Analyst Says This Needs To Happen For The XRP Price To Rally Again The upgrade also increases the block gas limit from 36 million to 60 million, allowing more transactions to fit within each block. This increase means that more transactions can occur, leading to higher fees collected and a corresponding rise in burning.  Furthermore, lower fees for transactions—such as swaps, bridges, on-chain gaming, and social applications—will likely drive more usage, resulting in increased transactions and higher ETH burn. Ultimately, the analysts believe that the Fusaka Upgrade represents a significant monetary transformation for Ethereum, indicating that the network is not only scaling but also beginning to monetize that scaling effectively. Featured image from DALL-E, chart from TradingView.com

Ethereum has reclaimed the $3,000 level after a strong market reaction to improving macro conditions, offering investors a much-needed shift in momentum. The move comes just days after the Federal Reserve officially ended Quantitative Tightening (QT), a policy shift that immediately boosted liquidity expectations across all risk assets. With markets now pricing in an imminent interest rate cut, confidence has begun to return, and ETH is one of the first major assets to respond. Related Reading: Bitcoin Liquidation Dominance Hits Multi-Year High: The Real Cause Behind BTC’s Breakdown This rebound reflects more than just macro relief. According to data from Arkham, shared by Lookonchain, Bitmine continues to accumulate Ethereum at current prices, reinforcing bullish sentiment at a moment when many traders remain cautious. Bitmine’s persistent buying throughout the correction has become one of the most influential signals for on-chain analysts, suggesting that large players see long-term value even as the market wrestles with volatility. Reclaiming $3,000 places Ethereum back above a key psychological level, and the combination of supportive macro policy and whale accumulation provides a stronger foundation than the market had just weeks ago. Bitmine and Linked Wallets Expand Ethereum Holdings According to data from Arkham reported by Lookonchain, Bitmine has purchased another 18,345 ETH, worth approximately $54.94 million, just a few hours ago. This marks yet another large buy in a growing series of aggressive accumulation moves that Bitmine has made throughout the correction. Their continued willingness to buy at current levels signals strong confidence in Ethereum’s long-term value, even as the market navigates heightened volatility. Shortly after this report, Lookonchain highlighted activity from a newly created wallet, 0x52B7, which withdrew 30,278 ETH—valued at $91.16 million—from Kraken. The size and timing of the withdrawal have led analysts to speculate that this wallet may be linked to Bitmine or part of a broader accumulation strategy. Large withdrawals from exchanges typically indicate that the owner intends to hold the assets off-exchange, often for long-term storage or staking, rather than preparing to sell. If the wallet is indeed connected to Bitmine, this would bring their latest combined accumulation to nearly 50,000 ETH in a single day. Such behavior suggests strategic positioning ahead of potential macro-driven upside or internal confidence in Ethereum’s recovery. This kind of synchronized whale activity often precedes significant price shifts, reinforcing the idea that large players are preparing for a stronger market phase. Related Reading: Ethereum Open Interest Cut In Half As $6.4B In Positions Vanish: Market Reset Accelerates ETH Reclaims $3,000 But Still Faces Key Resistance Ethereum’s 3-day chart shows a notable improvement after reclaiming the $3,000 level, but the broader trend still carries signs of fragility. The recent bounce followed a deep corrective move that sent ETH from the $4,500 region down to the $2,700–$2,800 support zone, where buyers finally stepped in with conviction. The strong lower wicks around this area confirm that demand remains active, but Ethereum has yet to fully recover its bullish structure. Price now trades just below the 50 SMA, which sits near the $3,100–$3,150 zone—an important short-term resistance level. A clean break above this moving average would signal renewed momentum and increase the chances of retesting the $3,400–$3,600 range. Meanwhile, the 100 SMA and 200 SMA remain slightly above price, reflecting the broader downtrend that has dominated since September. Related Reading: Bitcoin Flashes Largest Hidden-Buying Spike of the Cycle Despite Losing $90K Level Volume has picked up slightly during the recovery, but it remains muted compared to the selling spikes seen during the drawdown. This indicates cautious buying rather than aggressive accumulation at these levels. To confirm a trend reversal, ETH must close above the 50 SMA and then challenge the cluster of resistance around $3,200–$3,300. Featured image from ChatGPT, chart from TradingView.com

Ethereum price started a fresh increase above $2,920. ETH is now attempting to clear the $3,050 resistance and might accelerate higher. Ethereum started a fresh increase above the $2,920 and $2,950 levels. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $2,825 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 Upside Break Ethereum price managed to stay above $2,720 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $2,850 and $2,880 resistance levels. There was a break above a short-term bearish trend line with resistance at $2,825 on the hourly chart of ETH/USD. The bulls even pumped the price above $2,950.  However, the price is now testing a key barrier at $3,050. A high was formed at $3,047 and the price is now consolidating above the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,047 low. 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 $3,050 level. The next key resistance is near the $3,080 level. The first major resistance is near the $3,120 level. A clear move above the $3,120 resistance might send the price toward the $3,200 resistance. An upside break above the $3,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,350 resistance zone or even $3,380 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 $2,970 level. The first major support sits near the $2,880 zone or the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,047 low. A clear move below the $2,840 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,750 region in the near term. The next key support sits at $2,720 and $2,710. 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 – $2,970 Major Resistance Level – $3,050

Ethereum has fallen below the $2,800 mark after a sharp and sudden decline, deepening panic across the market and reinforcing the sense that bulls have lost control. The recent drop has pushed investors into defensive mode, with some analysts now openly discussing the possibility of a broader bear market emerging. Selling pressure has intensified across spot and derivatives markets, and volatility continues to rise as traders struggle to identify a reliable support zone. Related Reading: Bitcoin Flashes Largest Hidden-Buying Spike of the Cycle Despite Losing $90K Level A new CryptoQuant report by Darkfost highlights one of the most alarming developments: Ethereum’s open interest on Binance has been steadily collapsing for more than three months. After reaching an all-time high of $12.6 billion on August 22, open interest has now been cut in half. Nearly $6.4 billion in derivative positions have evaporated, bringing ETH’s open interest down to $6.2 billion, a steep 51% decline. While this appears to be an extraordinary contraction, Darkfost notes that open interest has only just slipped below the previous all-time high of $7.7 billion. This underscores how speculative and overstretched the 2025 derivatives market had become — and suggests that Ethereum may be undergoing a much deeper structural reset than most expected. Speculation Unwinds Across Exchanges as Ethereum Enters Deep Reset Phase Darkfost emphasizes that 2025 has been the most speculative phase in Ethereum’s history, fueled by aggressive leverage, rapid inflows, and a market structure that proved far less solid — and far less sustainable — than it appeared during the rally. The collapse in open interest on Binance is only part of the story. The same pattern is unfolding across major derivatives platforms, revealing a broader structural unwind rather than an exchange-specific phenomenon. On Gate.io, ETH open interest has fallen from $5.2 billion to $3.5 billion. On Bybit, the drop is even more severe, plunging from $6.1 billion to $2.3 billion. This synchronized contraction shows how aggressively speculative positions have been flushed out. Meanwhile, the ongoing correction has dragged Ethereum’s price from $4,830 to $2,800, marking a steep 43% decline from the highs. This widespread reduction in leverage suggests the market is undergoing a deeper reset than typical corrections. Investors are not rushing to re-enter positions, especially as liquidations continue to stack up across exchanges. While shrinking open interest weighs on short-term momentum and sentiment, Darkfost notes that such aggressive deleveraging may ultimately help rebuild a healthier market foundation — one capable of supporting a durable bottom for ETH. Related Reading: Massive Ethereum Distribution Continues: Whale Sends Another 5,000 ETH To Binance ETH Loses Key Trend Support as 3-Day Structure Turns Fully Bearish Ethereum’s 3-day chart shows a decisive breakdown in structure, with price now firmly below the 50 SMA, 100 SMA, and 200 SMA for the first time since late 2024. The rejection from the $3,600–$3,800 region triggered a strong impulse to the downside, sending ETH directly through all major moving averages and confirming a shift toward a higher-timeframe downtrend. The current trading zone around $2,800 reflects a critical test of former support, but momentum remains weak. The 50 SMA has now crossed below the 100 SMA, while both are beginning to converge downward toward the 200 SMA — a configuration that typically precedes sustained corrections. Volume has increased on red candles, showing that sellers remain dominant, and there is little evidence of aggressive dip-buying. The most recent candle wick toward $2,700 highlights vulnerability rather than strength, suggesting buyers are hesitant to defend this level with conviction. Related Reading: Bitcoin Must Break Key Supply Clusters To Regain ATH Momentum – Watch These Levels ETH is also forming a series of lower highs and lower lows, further confirming bearish market structure. If $2,750 breaks cleanly, the next significant liquidity zones sit near $2,550 and $2,300, where prior consolidations developed earlier in the cycle. Featured image from ChatGPT, chart from TradingView.com

The prices of Ethereum and Dogecoin have followed a similar trajectory to the Bitcoin price crash as the pioneer digital asset continues to lead the crypto market lower. The muted action from Bitcoin has led to speculations that the market is finally headed into another bear trend after rising over the last few years. In this same vein, a crypto analyst has predicted when they believe that the bear market will really start, and that the current trend could still lead to an eventual pump in the market. Why The Bitcoin, Ethereum, And Dogecoin Prices Could Still Pump Crypto analyst ChainShinobi explained what is going on in the market, predicting that the trend could end up going against what investors are expecting at this time. According to the X post, while everyone is currently calling for lower prices, it could lead to another pump that culminates in the final top for the crypto market Related Reading: Dogecoin ETFs Flat At Launch, But TA Points To $1 If This Support Holds ChainShinobi predicts what they refer to as “a face-melter”, the type of rally that no one sees coming and takes the likes of Bitcoin, Dogecoin, and Ethereum to possibly new all-time highs. However, instead of using this time to call for higher prices, the analyst believes that it is the best time for investors to actually get out of the market. This pump, which the analyst refers to as an exit window, could provide investors one final chance to actually get out of the market before another price crash. This is “The moment to lock in massive profit while everyone else is busy blinding themselves with hopium and pushing their targets higher and higher… the same way they dragged their targets lower and lower right now,” the crypto analyst said. The Same Wave Every Cycle As for when the Dogecoin, Ethereum, and Dogecoin prices could move into the next bear market, the crypto analyst tells investors not to expect it until next year. More precisely, ChainShinobi believes that the bear market will fully begin by the end of the first quarter of 2025. Related Reading: XRP Price At A Critical Turning Point: Analyst Maps Out Simple Rules For Breakout When the pump comes, the analyst warns that there could be an influx of bullish sentiment, with bullish news flooding the market. But it is during this time that the market is expected to turn. Essentially, the bear market is expected to begin when investors least expect it. “It’s pretty easy to see what’s coming. You don’t need to overdo TA or PA right now to see the path laid out,” the post read. Featured image from Dall.E, chart from TradingView.com

Data shows the Ethereum Open Interest has shot up by more than 4% following the sharp move down in the cryptocurrency’s price. Ethereum Has Seen A Pullback Over The Past Day The cryptocurrency sector as a whole has witnessed a plunge to kick off the new month, with Bitcoin and Ethereum both being down by more than 5% over the last 24 hours. ETH is back in the low $2,800 levels, having essentially retraced the recovery that it had made during the last week of November. Related Reading: Newbie Bitcoin Whales Capitulating, But Old Hands Stay Silent The sudden price decline has unleashed a wave of liquidations on the derivatives exchanges, leading to $158 million in Ethereum-related contracts being flushed. Of these, $140 million of the liquidations involved long positions alone. Below is a heatmap from CoinGlass that breaks down the liquidation numbers related to the various digital asset symbols. Interestingly, while notable liquidations have occurred, derivatives investors still haven’t become discouraged. ETH Open Interest Has Gone Up Since The Dip As pointed out by CryptoQuant community analyst Maartunn in an X post, the Ethereum Open Interest has witnessed a sharp jump following the price decline. The “Open Interest” here refers to an indicator that measures the total amount of positions related to ETH that are currently open on all centralized derivatives platforms. Here is the chart shared by Maartunn that shows the trend in this metric over the past couple of days: As displayed in the above graph, the Ethereum Open Interest initially collapsed alongside the price drop as long positions suffered forceful closures. As ETH’s bearish momentum tapered off and the price settled into a sideways rhythm, however, the metric saw a gradual reversal in direction, indicating that speculators have started opening up fresh positions. Since the dip, the ETH Open Interest has gone up by almost $654 million, equivalent to an increase of 4.3%. “Looks like the gamblers are back for another round,” noted the analyst. Historically, a high value on the metric has generally been something that has led to volatility for the cryptocurrency. This is because an extreme amount of positions implies the presence of a high amount of leverage in the sector. In these conditions, any sharp swing in the asset can induce a large number of liquidations in the market. These liquidations only feed back into the price move that caused them, making it more intense. Related Reading: Bitcoin Puell Multiple Plunges, But Not Inside Bottom Zone Yet An example of this pattern was already seen during the past day. With the Ethereum Open Interest now rising again, it remains to be seen whether more volatility will follow. Featured image from Dall-E, CryptoQuant.com, CoinGlass.com, TradingView.com

Ethereum price started a fresh decline below $2,880. ETH is now attempting to recover from $2,720 but the bulls might face resistance. Ethereum started a fresh decline below $2,880 and $2,800. The price is trading below $2,850 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $2,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $2,850 zone. Ethereum Price Attempts Recovery Ethereum price failed to stay above $2,950 and started a fresh decline, like Bitcoin. ETH price declined below $2,880 to enter a bearish zone. The bears even pushed the price below $2,800. A low was formed at $2,718 and the price is now attempting to recover. There was a move above the $2,750 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $3,052 swing high to the $2,718 low. Ethereum price is now trading below $2,850 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $2,820 level. There is also a short-term bearish trend line forming with resistance at $2,820 on the hourly chart of ETH/USD. The next key resistance is near the $2,880 level or the 50% Fib retracement level of the downward move from the $3,052 swing high to the $2,718 low. The first major resistance is near the $2,920 level. A clear move above the $2,920 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 $3,050 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 $2,760 level. The first major support sits near the $2,740 zone. A clear move below the $2,740 support might push the price toward the $2,720 support. Any more losses might send the price toward the $2,650 region in the near term. The next key support sits at $2,550 and $2,500. 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 – $2,720 Major Resistance Level – $2,880

Ethereum lost the critical $3,000 level on Sunday, sliding toward $2,800 and triggering a new wave of fear across the market. The drop highlights a deepening corrective phase that has pushed short-term investors into heavy unrealized losses, prompting many to reassess their risk exposure. Related Reading: Bitcoin Must Break Key Supply Clusters To Regain ATH Momentum – Watch These Levels Adding to the uncertainty, fresh on-chain data has revealed renewed distribution from major holders. According to data from Arkham, shared by Lookonchain, the well-known whale 0xdECF deposited another 5,000 ETH—roughly $15.05 million—into Binance. This move expands a pattern of consistent selling pressure from large wallets, often seen during heightened market stress. While one whale does not define the broader trend, these deposits usually reinforce bearish sentiment among traders who monitor exchange inflows as a proxy for potential sell-side liquidity. Whale Distribution Deepens Amid Broader Market Anxiety Since October 28, the same whale wallet has accelerated its selling activity, unloading 25,603 ETH—approximately $85.44 million—across Binance and Galaxy Digital. Despite this aggressive distribution, the wallet still holds 10,000 ETH valued at roughly $30.34 million, leaving open the possibility of continued sell pressure if market conditions weaken further. Large-scale movements like these often signal a shift in sentiment from sophisticated holders who tend to anticipate volatility earlier than the broader market. This selling spree comes at a moment when confidence is already fragile. The recent Tether FUD, fueled by speculation around reserve transparency and potential regulatory scrutiny, has added stress to liquidity conditions. Meanwhile, renewed headlines about a supposed China Bitcoin ban have resurfaced on social media, amplifying fear across both retail traders and short-term investors. Although neither narrative reflects new fundamental risks, emotional markets often react sharply to sensational news during corrective phases. Related Reading: Bitcoin STH Loss Transfers Fall 80% From Peak – What Comes Next? Together, these factors create a backdrop where whale distributions gain outsized influence. If the remaining 10,000 ETH enters exchanges, it could deepen short-term downside pressure. Conversely, a pause in selling may suggest that the whale views current levels as near-capitulation territory, offering a potential floor for stabilization. Ethereum Price Tests Support as Downtrend Remains Intact Ethereum’s 4-hour chart shows a market still struggling to regain momentum after losing the $3,000 handle. The broader structure remains decisively bearish, with price trading below the 50 SMA, 100 SMA, and 200 SMA—a clear indication that sellers continue to control the trend. Each attempt to recover above the moving averages has been rejected, reinforcing the downtrend that began in late October and has continued through November. The recent bounce from the $2,750–$2,800 support zone shows that buyers are defending this level, but the reaction lacks conviction. Volume remains muted, and the latest attempt to reclaim $3,000 quickly failed, forming another lower high. This signals hesitation and suggests that bulls are not yet strong enough to shift market structure. Related Reading: XRP Reserves On Binance Collapse To Record Lows: Investors Move Toward Long-Term Holding The compression seen toward the end of the chart formed a small symmetrical triangle, but the breakdown that followed confirms that sellers still dominate short-term momentum. As long as ETH remains below the 200 EMA—now near $3,350—the macro trend favors continuation to the downside. If $2,800 breaks cleanly, the next liquidity pockets sit around $2,600 and $2,450, levels that could attract stronger buyer interest. For now, Ethereum must reclaim $3,000 with sustained volume to neutralize bearish pressure. Featured image from ChatGPT, chart from TradingView.com

Ethereum price started a fresh decline below $2,950. ETH is down over 5%, trading below $2,880, and might continue to move down. Ethereum started a fresh decline below $2,950 and $2,900. The price is trading below $2,880 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,990 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 Over 5% Ethereum price failed to stay above $3,000 and started a fresh decline, like Bitcoin. ETH price declined below $2,880 to enter a bearish zone. There was a break below a key bullish trend line with support at $2,990 on the hourly chart of ETH/USD. The bears even pushed the price below $2,850. A low was formed at $2,815 and the price is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low. Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $2,880 level. The next key resistance is near the $2,940 level or the 50% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low. The first major resistance is near the $2,960 level. A clear move above the $2,960 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 $3,050 resistance zone or even $3,150 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,960 resistance, it could start a fresh decline. Initial support on the downside is near the $2,820 level. The first major support sits near the $2,800 zone. A clear move below the $2,800 support might push the price toward the $2,740 support. Any more losses might send the price toward the $2,720 region in the near term. The next key support sits at $2,650 and $2,620. 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 – $2,800 Major Resistance Level – $2,940

Ethereum presently trades around $3,000 following a broader crypto market rebound in the last week. During this time, the market’s largest altcoin gained by 7.22%, providing a much-needed relief after an extended correction that dominated the majority of the last two months. As price stabilizes, crypto analytics platform XWIN Research Japan shares a forward-looking assessment of Ethereum’s outlook, especially considering developments in the futures market. Related Reading: 320 Ether On The Move: Bhutan Ramps Up Its Staking Game Ethereum Bulls Buy The Dip After Weak Position Exits Amid the widespread correction of the crypto market in Q4 2025, Ethereum’s prices crashed from $4,700 to as low as $2,900, representing a 38% price decline. XWIN Research Japan reports this price fall coincided with certain relevant developments in the futures market. In particular, Ethereum’s open interest across all exchanges dropped from $21 billion to around $17 billion in late November, as overleveraged long positions were closed down, forcing traders to open new positions with moderate leverage size. Meanwhile, funding rates stayed positive but declined to around 0.002, meaning that the dominant bullish sentiment from mid-2025 greatly reduced. Looking at on-chain data, the Market Value to Realized Value (MVRV) is at 1.27, while Binance data shows it to be around 1.0, both values indicating Ethereum is in a neutral to fair value zone, suggesting a period of stability before the next major trend emerges. Meanwhile, the recent market recovery kick-started after ETH retested the realized price of whale addresses, indicating that large market players are bolstering their holdings.  XWIN Research Japan supports this theory, noting that Ethereum Treasury BitMine has boosted its market holdings to 3.63 million ETH. Additionally, a BlackRock client recently acquired tens of millions of dollars’ worth of ETH, further reinforcing the strength of current market demand. However, despite this robust market demand, ETH Spot ETF net outflows for November hit $1.42 billion, indicating there is significant selling pressure in the market. Related Reading: Ethereum Fusaka Will Be ‘The Most Bullish Upgrade’ Ever, Pundit Claims Ethereum Market Outlook At the time of writing, Ethereum trades at $3,003, reflecting a 0.22% loss in the past day. Despite its gains in the last week, the altcoin is still down by 22.34% over the last month, suggesting the majority of short-term holders are in losses. XWIN Research Japan explains that although the overleveraged position has been cleared out with market whales now ramping up their holding, Ethereum remains in a “bottom-building phase”.  Therefore, investors should still anticipate a “choppy, sell-on-rally” price action in the short term. The analysts predict a major trend reversal with time as the current price area becomes increasingly attractive to investors for massive accumulation opportunities. Featured image from Freepik, chart from Tradingview

In the rapidly evolving landscape of digital finance, Ethereum is quickly establishing itself as the primary infrastructure for global on-chain capital markets. From tokenized bonds and money market funds to institutional liquidity rails, the world’s capital is beginning to migrate to an ecosystem where transactions are programmable, auditable, and borderless. Why Is Ethereum Chosen As The Default Choice For Global Rails The global capital markets are moving on-chain to Ethereum because it is credibly neutral. ETH has never experienced downtime, and it possesses the economic security necessary to support the world’s financial system. Investor and founder of GM42NFT, Captain GM, has stated that ETH is not fast enough to support trading because it wasn’t built for it. Related Reading: Ethereum Price Falls 25% But On-Chain Data and Institutional Staking Signal Q4 Recovery Potential However, the attempts to build a genuinely fast on-chain trading environment have consistently led teams to centralize significant parts of the trading system. This move creates security, reliability, and neutrality concerns for a system designed to be global. These compromises are in direct conflict with the very benefits that ETH provides, and make it the chosen blockchain for global finance. This is where Raya Network steps in to solve these issues at the core. Raya is delivering a decentralized exchange (DEX) with institutional-grade execution speed and Ethereum-level security. It’s a platform that is as fast as TradFi and remains simultaneously secure, reliable, and credibly neutral as exactly DeFi should be. “Fast is easy, decentralized is hard, and it’s only Reya that does both,” Captain GM noted. Analyst Alucard mentioned that the Raya network has become one of the few projects that genuinely solves the speed and security problem. The sub-millisecond execution speeds, trades are fully verified on ETH, and there’s no dependence on a single sequencer. This is an engineered combination designed for real progress in the space. However, over 45% of the token supply is allocated to the community. Reya, combined with the ETH buyback mechanism, creates an ecosystem that’s aligned both technically and economically. They’re building something fast and secure, and because of that, Reya sits in a different category. Why Reya’s Design Feels More Like A New Standard Than Another DEX A trader and ambassador of Somnia, Onur, has also explained that his experience with Reya feels like a full redesign of on-chain execution rather than a small improvement. It offers sub-millisecond fills, unified margin, Ethereum security with ZK settlement, and smooth flow through EigenDA. Related Reading: Ethereum Price Attempts Fresh Recovery as Bullish Pressure Builds According to Onur, the peer-to-pool model keeps trades consistent, efficient, and free from bottlenecks or hidden edges. As a result of this approach, Reya isn’t just another venue anymore, and it’s actively becoming the new execution standard for DeFi. Featured image from Peakpx, chart from Tradingview.com