Overview
- Ethereum remains below $3,000 with a descending‑triangle pattern and lower highs, keeping $2,800–$2,900 as critical support in the near term.
- Large buyers stayed active, with Bitmine adding roughly $88 million in ETH and another whale purchasing $120 million today as part of a seven‑week, $1.7 billion accumulation.
- A high‑profile wallet moved 100,000 ETH (about $292 million) to Binance, a transfer watched for potential selling, hedging, or collateral use without confirmation of distribution.
- On‑chain liquidity signals diverged, with Binance‑specific ETH supply tightness contrasting with a roughly 400,000‑ETH rise in aggregate exchange reserves and a more negative Coinbase premium alongside elevated leverage.
- Bitcoin is rangebound near $86,500–$88,000 with spot ETF outflows reported this week and thin holiday volumes, as short‑term holder metrics point to a rare buy‑sell equilibrium.