Overview
- ETH trades near $2,900–$2,950 after a brief bounce, with immediate resistance around $3,000 and nearby supports at $2,950, $2,920, and $2,800.
- Chart watchers highlight a descending triangle and a broader corrective setup, leaving downside targets around $2,815 to $2,748 on the table.
- SoSoValue reports continued weakness in ETF flows, including $38 million of outflows on Friday following $52 million and $95 million earlier in the week.
- On‑chain activity has softened, with 30‑day fees down roughly 57% and December DEX volume near $44 billion after four straight monthly declines.
- Institutional staking has increased, including roughly $200 million in recent deposits and BitMine’s program, but analysts say a durable bullish shift likely requires a decisive move above $3,550.