Overview
- ETH is attempting to stabilize above $2,950 and the 100‑hour moving average, with near‑term resistance at $3,050–$3,080 and support at $2,915–$2,950.
- Brave New Coin notes rising open interest and normalized funding, with a potential path to $3,400–$3,420 if price closes decisively above roughly $3,070–$3,100.
- CryptoQuant reports Ethereum’s Estimated Leverage Ratio on Binance at a record 0.611, while the Taker Buy Sell Ratio spiked to 1.13, signaling stronger buyer activity.
- On-chain data highlights a dense URPD accumulation zone near $2,772, with further supports flagged near $2,489 and $1,866 if that level fails.
- Brave New Coin cites about 120,000 ETH in net whale outflows since October, reinforcing fragile spot liquidity as elevated derivatives exposure keeps liquidation risk high.