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Ethereum Holds $3.2K–$3.35K Support, Eyes Key $3,500 Resistance

A Sharplink-linked wallet sent newly redeemed ETH to OKX during a period of tight circulating supply.

Overview

  • ETH trades in the low to mid $3,300s with dense liquidity clustered between $3,200 and $3,350.
  • On-chain trackers report a Sharplink-linked wallet redeemed 5,284 ETH and deposited 4,364 ETH to OKX.
  • Sharplink’s reported holdings are about 859,395 ETH, highlighting significant institutional exposure to Ethereum.
  • Analysts identify $3,500 as the next level to confirm recovery, while a break below the support band could lead under $3,000 toward roughly $2,400.
  • Over 27 million ETH are staked, tightening circulating supply and providing structural support for price stability.