Overview
- ETH fell roughly 10–11% and is trading near $3,150–$3,230, with buyers defending a $3,097–$3,200 demand zone tied to about 2.53 million ETH in cost basis.
- A daily bullish harami has formed, with the setup weakening below ~$3,150 and invalidated on a drop through ~$3,050, per the latest chart analysis.
- Exchange reserves declined about 9.75% and spot outflows reached roughly $50.91 million, signaling reduced sell-side supply and ongoing accumulation.
- Binance top traders hold a pronounced long tilt near 73% versus 27% short, reflecting positioning for a potential rebound from the defended zone.
- Whale signals are mixed as Glassnode shows fewer mega-whale addresses while the wallet dubbed ‘66kETHBorrow’ added 36,437 ETH today for 422,175 ETH since Nov. 4, as ETH struggles around the 200-day moving average with $3,000–$2,850 as next support if losses extend.