PANews December 29 News, crypto analyst Murphy stated that the current key contradiction for ETH lies in the dispersion of the chip structure below. Currently, the most concentrated area of ETH chips is between $2700 and $3100, with a total accumulation of 17.9 million ETH, accounting for 22.6% of the total circulating supply. Among them, the $2700 level forms the highest density area in the current chip structure, with a turnover of 4.43 million ETH, and is considered a key support level. On-chain data shows that in mid-September, a large amount of funds built positions around $4500 but failed to reduce holdings afterward, leading to a price decline to the current range. Notably, in late November, large funds bottomed out in the $2700-$2800 range, with no obvious signs of reduction at present.
Additionally, on-chain behavior analysis indicates that chips near $3100 mainly come from long-term funds, which are insensitive to short-term price fluctuations, but a significant price drop could trigger a selling risk. Currently, ETH price fluctuates between $2700 and $3100, with institutions forming a certain consensus in this range, providing some support against selling pressure. However, there is still a large accumulation of chips in the lower range of $50-$396, which may pose hidden risks to subsequent price movements.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Why do large banks refuse to use public ledgers and instead build their own blockchains?
Large banks have a low acceptance of public ledgers because their transparency conflicts with trust responsibilities, which could trigger market volatility. DRW founder Don Wilson pointed out that private blockchains better align with financial regulations and privacy needs. Even though public blockchains offer significant transformation opportunities, future financial infrastructure will still prioritize systems that protect privacy.
ChainNewsAbmedia53m ago
ETH drops 0.85% in 15 minutes: liquidity tightening and leveraged liquidations resonate, causing a short-term pullback
From 17:45 to 18:00 (UTC) on March 26, 2026, ETH prices briefly declined within the range of 2045.86 to 2066.97 USDT. The 15-minute return was -0.85%, with a volatility of 1.02%. This fluctuation drew market attention, as the volatility was significantly higher than usual, indicating increased uncertainty about ETH's short-term trend.
The main drivers of this movement were liquidity tightening, characterized by a sharp drop in active addresses and large institutional staking. On March 25, the number of on-chain active addresses for ETH decreased by 10%.
GateNews1h ago
ETH 跌破 2050 USDT
Gate News bot 消息，Gate 行情显示，ETH 跌破 2050 USDT，现价 2048.8 USDT。
CryptoRadar1h ago
A certain Ethereum OG whale sold 7,302 ETH at an average price of $2,073 in the past 2 hours.
A major Ethereum whale, after holding for 4 years, unstaked and sold 7,302 ETH at $2,073 each, making a profit of $5.33 million. Previously, they deposited 6,442 ETH at $1,522 each and earned 860 ETH in staking rewards.
BlockBeatNews2h ago
Ethereum Early Investor Unstakes and Sells $15.14M Worth of ETH After 4-Year Staking Period
Gate News bot message, an Ethereum early investor unstaked his ETH after 4 years and sold 7,302 ETH valued at $15.14 million at $2,073 per token in the past 2 hours.
Approximately 4 years ago, he deposited 6,442 ETH worth $9.8 million into Lido at an average price of $1,522, earning 860 ETH ($1.78
GateNews3h ago
