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Crypto Market Holds Range as Ethereum Hovers Near $3,000 and Bitcoin Stalls Below $90,000

Conflicting signals from ETF withdrawals, falling fees, renewed accumulation complicate the outlook.

Overview

  • Ethereum briefly reclaimed the $3,000 level and remains range-bound, with traders watching a symmetrical triangle for a confirmed break.
  • U.S. spot ETH ETFs continued to post net outflows in late December, with reports tallying hundreds of millions of dollars withdrawn over recent weeks.
  • Post‑Fusaka on‑chain activity weakened on Ethereum, with a reported 57% drop in 30‑day fees and DEX volumes sliding to the lowest since last October.
  • Whale wallets added about 300,000 ETH in late December and large institutional transfers to staking addresses reduced immediately liquid supply.
  • Bitcoin repeatedly failed to hold above $90,000, as on‑chain metrics pointed to seller exhaustion even as Galaxy Digital sent roughly 447 BTC to exchanges, raising short‑term supply concerns.