Ethereum Stalls Near $3,300 After Rejection as Near-Term Risk Builds

Overview

• ETH is consolidating around $3,220–$3,300 after failing to secure acceptance above $3,300, with market-structure analysts flagging a confirmed failed auction.
• Traders are watching immediate support near $3,200, while a downside rotation toward roughly $2,680 is in play if weakness extends.
• Large wallets sold about 300,000 ETH in three days, worth roughly $970 million, adding short‑term supply pressure into the rally.
• Countervailing signals include long‑term holder inactivity alongside rising inflows, with $35 million bridged to Ethereum in 24 hours, TVL up about $6.52 billion since Jan. 1, $108.66 million moved off exchanges, and approximately $457.2 million in recent institutional net purchases.
• On higher time frames, a weekly breakout above the ~$3,000 zone remains intact, and some analysts outline longer‑term scenarios toward $4,900–$5,900 if that structure holds.