Overview
- Ethereum again failed to reclaim $3,000, with analysts warning of a move toward $2,800 and a potential head‑and‑shoulders target near $2,400 if weakness persists.
- On-chain trackers reported mixed positioning: Bitmine added 29,462 ETH (about $88 million), a whale accumulated roughly 569,247 ETH over seven weeks, and a high‑profile wallet deposited 100,000 ETH to Binance.
- Bitcoin is consolidating around $87,000 with short‑term holder Net Pressure in a rare neutral zone, as traders watch support near $86.6k–$86.8k and resistance around $90k.
- XRP remains confined to the $1.85–$1.90 range after sellers capped $1.90, while Binance’s XRP balance slipped to about 2.66 billion, the lowest since July 2024.
- Spot Bitcoin ETFs recorded a $188.64 million daily outflow on Tuesday, highlighting weak institutional demand during the year‑end lull.