Overview
- ETH trades near $2,940 below the $3,000 barrier, with $2,800–$3,000 highlighted as the decisive zone in low-liquidity conditions.
- Analysts flag head-and-shoulders and descending triangle setups that could open a path toward ~$2,400 if $2,800 support fails.
- Exchange balances keep shrinking, with 43,800 ETH net out in 24 hours and about 605,370 over 30 days, even as U.S. spot ETH ETFs see new withdrawals.
- Large buyers remain active: a tracked wallet purchased 40,975 ETH on Dec. 24, Bitmine added 29,462 ETH, and 10,000–100,000-ETH wallets grew holdings by roughly 220,000 ETH this week.
- A wallet linked to a well-known “Bitcoin OG” deposited 100,000 ETH to Binance, a move on-chain trackers say could reflect risk management and adds near-term signaling risk.