Overview
- ETH traded near $2,940 on Dec. 24 after another rejection at the $3,000 mark, extending a lower‑high setup.
- Analysts warn that failing to reclaim $3,000 could open a move toward $2,800, with some chart views mapping downside risk toward $2,400.
- On‑chain trackers say a single wallet bought about $120 million in ETH today, lifting seven‑week accumulation to roughly $1.7 billion.
- Arkham‑tracked flows show Bitmine recently added around 29,462 ETH (about $88 million), bringing its holdings to roughly 7.79 million ETH.
- Flows look conflicted as a ‘Bitcoin OG’ deposited 100,000 ETH to Binance and Arthur Hayes extended sales, even as CryptoOnchain reports Binance’s ETH supply ratio at 0.032, the lowest since September 2024.