Overview
- Ether fell to roughly $2,150–$2,180 this week, marking its lowest level since late June and extending a multi‑week slide.
- Chart signals on the daily timeframe remain bearish after a flag‑to‑pennant breakdown, with price below the 61.8% retracement at $2,753, the 50‑day average, and the Supertrend, highlighting $2,000 as key support.
- Nansen data show network strength over the past 30 days, with active addresses up about 45% to more than 15 million and transactions up roughly 40% to over 68 million, as chain fees rose around 40% to $15 million.
- DeFi activity stayed firm in January with Ethereum DEX volumes rising to about $52.8 billion, alongside continued enterprise tokenization efforts by firms such as Fidelity, JPMorgan and Janus Henderson.
- Near‑term traders see scope for a bounce toward $2.6k–$2.8k, but the weekly bias stays negative unless ETH reclaims $3,041, according to market analyses.