Overview
- Ether is holding a $2,100 to $2,200 support band near the 200‑week moving average, with price hovering around $2,120 to $2,140 as traders defend a long‑term line.
- Large wallets bought more than 750,000 ETH in the past 48 hours, according to Santiment, adding buying pressure as the market steadied above support.
- Exchange balances have dropped to roughly 16.2 million ETH while about 37 million are staked, leaving fewer coins available to sell on centralized platforms.
- Short‑term hurdles sit near $2,180 to $2,300, and a daily cup‑and‑handle pattern flags a breakout line around $2,384 that could open a path toward $2,400 to $3,000 if cleared.
- On‑chain use is improving as lower fees from EIP‑4844 drive more activity on Layer 2 networks, pointing to demand rooted in network usage rather than just speculation.