Overview
- ETH trades around $1,820 inside a long‑watched demand zone last seen in prior bear phases, with the next move hinging on whether $1,800 holds.
- Whale address 0xeadc unloaded 16,924 ETH worth about $32 million via CoW Protocol settlements, reinforcing distribution pressure near critical support.
- Derivatives remain volatile as daily futures volume tops $51 billion and more than $100 million in leveraged positions were liquidated, with a dense liquidation cluster near $1,920 that could attract price if buyers push a rebound.
- Technicals still show a descending channel and lower highs, with immediate support at $1,800–$1,820 and resistance at $1,900–$1,920; analysts map near‑term supports around $1,780–$1,720 and warn some scenarios extend toward $1,400 on a decisive breakdown.
- Supply dynamics are split as BitMine added 51,162 ETH to its treasury for staking even as some large holders moved coins to exchanges and Vitalik Buterin sold over 8,800 ETH tied to ecosystem funding.