Overview
- ETH fell roughly 5–6% in the past day to around $3,500–$3,614, dropping below $3,700 and probing the $3,550 support zone.
- Short‑term momentum remains cautious, with price under the 100‑hour moving average and RSI/MACD leaning bearish, according to market analyses.
- Roughly $292.6 million in 24‑hour liquidations were reported, led by about $269.2 million in long positions, amplifying downside pressure.
- BitMine Immersion said it added 82,353 ETH, lifting its holdings to about 3.39 million ETH—roughly 2.8% of circulating supply—as it reiterates a long‑term ETH treasury strategy.
- Santiment‑tracked wallets holding 10,000–100,000 ETH have grown since July and increased their share of supply, even as other cohorts reduced exposure.