Overview
- ETH fell to roughly $2,100 and is consolidating below short‑term moving averages after losing support near $2,320 and $2,250.
- Glassnode data show realized price near $2,058 with MVRV around 0.93, placing ETH in the 0.8–1.0 band that some analysts view as long‑term accumulation territory.
- CryptoQuant reporting indicates Binance’s Estimated Leverage Ratio has topped 75% and the exchange holds about 3.4 million ETH, increasing the potential for liquidation‑driven swings.
- NewsBTC cites lower Top‑10 exchange inflows to Binance—about 135,573 ETH—compared with prior peaks, suggesting moderated immediate selling by large holders.
- Technical views diverge: a daily cup‑and‑handle setup points to a possible break above $2,400 toward roughly $3,000, while other analyst targets above prior highs remain speculative.