Overview
- A swift move pushed ETH to an intraday high of $3,374 before cooling, with price holding above $3,300 and the 100-hour SMA, according to NewsBTC.
- Brave New Coin highlights a defined range with support near $3,000–$3,250 and resistance around $3,200–$3,400, noting that confirmation requires sustained closes on rising volume.
- Weekly charts tracked by Brave New Coin show a developing inverse head-and-shoulders with a neckline near $3,400 that remains unconfirmed.
- Crypto.news reports continued selling by large holders and roughly $345 million of net outflows from U.S. spot ETH ETFs over four sessions, alongside a fall in Ethereum DeFi TVL to about $175 billion.
- Derivatives readings conflict, with Brave New Coin citing renewed open interest while crypto.news notes a slide from an August peak near $70 billion to about $39 billion.