- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Insight: ETH Whales Remain Strong, $2700 Level Forms Consensus Support Zone
BlockBeats News, December 29, On-chain data analyst Murphy released "Is ETH Still Worth Looking Forward to in 2026?" summarizing Ethereum's year-end data analysis. The conclusion is that the current true contradiction of ETH lies not in the chips above but in the dispersed structure below. $2700 is currently a key consensus support area, and once breached, the price will enter a vacuum zone lacking an anchor point. The main whale group has not given up but has become more cautious, with chip concentration rapidly rising and being systematically aggregated.
On-chain behavior: Around September 18, a large amount of funds were positioned around $4500, and they did not sell during the peak on December 6. Subsequently, as ETH fell all the way, these chips began to gradually exit. There is a large amount of trapped volume around $3100, accumulated by the whale group that built positions between $2600 and $2700 from May to July this year and continued to buy, resulting in an average cost of $3100 now. Around November 23, a large amount of funds entered the market to bottom fish at $2700-$2800, forming a dense chip accumulation area, with no signs of selling off so far.
Chip structure: The most concentrated area of ETH chips currently is between $2700 and $3100, accumulating 17.9 million ETH, accounting for 22.6% of the total circulation, followed by 4.43 million ETH at $3100. It is judged that the $3100 chip is not a resistance to rebound, but $2700 should be effective support. The price of ETH oscillates in this range because some institutions' "consensus" is formed here.
Whale holdings: Wallet groups holding more than 100,000 ETH are the "smartest" leaders in this cycle. When ETH's price fell to $1500 from February to April this year, this group was the absolute main force in increasing holdings. After that, when ETH rebounded to $3500, they began to sell rapidly, with the selling range covering the peak of ETH from August to October. During ETH's decline to $2700 on November 21, this group increased holdings once again.
You may also like
BankrCoin Achieves New Milestones as YZi Labs and ETH Investors Make Significant Moves
Key Takeaways BankrCoin (BNKR) hit a new all-time high with significant market activity. YZi Labs executed a major…
Bitcoin Tests $75K Amid Market Predictions
Key Takeaways Bitcoin shows a 47% chance to test the $75,000 mark this February, contrasting with a potential…
MrBeast Acquires Step to Enhance Financial Offerings for Youth
Key Takeaways YouTube star MrBeast has acquired the financial services platform Step through Beast Industries. The acquisition aims…
Polymarket Predicts Bitcoin Uptrend as MrBeast Ventures into Fintech
Key Takeaways Bitcoin’s Potential Surge: Polymarket denotes a fluctuating probability of Bitcoin achieving $75,000 in February, reflecting volatile…
MrBeast Enters Financial Services with Step Acquisition
Key Takeaways Binance announced an Alpha Airdrop event, highlighting the growing trend of gamified airdrops. Bitcoin prediction markets…
Analysts Predict Bitcoin May Fall to $55K as Support Levels Threaten
Key Takeaways Analysts suggest a potential drop of Bitcoin to $55K if current support levels are breached. Galaxy…
Analysts Predict Bitcoin May Drop to $55K Amid Support Challenges
Key Takeaways Experts caution that Bitcoin could fall to $55,000 if current support levels are breached. The market…
Bitcoin May Decline to $55K: Analysts Warn
Key Takeaways Analysts project Bitcoin could drop to $55,000 if key support levels fail. Technical analysts forecast that…
YZI Labs Transfers Massive ID Tokens to Binance as BNKR Hits New High
Key Takeaways BNKR, a digital currency, has achieved its highest-priced milestone of $0.295 CAD as of January 26,…
MrBeast Acquires Step, Expanding Influence in Teen Finance Market
Key Takeaways MrBeast has acquired the financial services app Step, which caters specifically to Gen Z users. Step…
Analysts Predict Bitcoin’s Critical Support Level May Trigger Decline
Key Takeaways Experts indicate a crucial moment for Bitcoin, with potential price drop to $55,000 if support fails.…
Michael Saylor Faces Bitcoin Valuation Challenges: Impact on the Crypto Market
Key Takeaways Michael Saylor’s Bitcoin investment is currently valued at $55 billion, but recent market trends have seen…
MrBeast Acquires Step FinTech App in Strategic Move
Key Takeaways MrBeast’s company, Beast Industries, has announced the acquisition of Step, a fintech app focused on Gen…
Bitcoin’s Potential Surge Sparks Debate Among Investors
Key Takeaways The probability that Bitcoin will reach $75,000 in February fluctuates as predicted by Polymarket. Bitcoin recently…
Analysts Predict Bitcoin’s Potential Plunge to $55K
Key Takeaways Analysts warn of a possible drop to $55K if Bitcoin’s current support breaks. 10X Research and…
Bitcoin’s Critical Threshold: The Significance of $55,000 USD
Key Takeaways Bitcoin’s value is set to rise from $55,000 to $99,000 if it maintains a growth cycle…
Analysts Predict Bitcoin Drop to $55K as Support Wavers
Key Takeaways Analysts caution that Bitcoin’s price could plummet to $55K if current support levels fail. Galaxy Digital’s…
MrBeast Acquires Step, Expanding Fintech Influence
Key Takeaways MrBeast’s company, Beast Industries, has acquired the Gen Z-focused fintech app Step, which targets teens with…
BankrCoin Achieves New Milestones as YZi Labs and ETH Investors Make Significant Moves
Key Takeaways BankrCoin (BNKR) hit a new all-time high with significant market activity. YZi Labs executed a major…
Bitcoin Tests $75K Amid Market Predictions
Key Takeaways Bitcoin shows a 47% chance to test the $75,000 mark this February, contrasting with a potential…
MrBeast Acquires Step to Enhance Financial Offerings for Youth
Key Takeaways YouTube star MrBeast has acquired the financial services platform Step through Beast Industries. The acquisition aims…
Polymarket Predicts Bitcoin Uptrend as MrBeast Ventures into Fintech
Key Takeaways Bitcoin’s Potential Surge: Polymarket denotes a fluctuating probability of Bitcoin achieving $75,000 in February, reflecting volatile…
MrBeast Enters Financial Services with Step Acquisition
Key Takeaways Binance announced an Alpha Airdrop event, highlighting the growing trend of gamified airdrops. Bitcoin prediction markets…
Analysts Predict Bitcoin May Fall to $55K as Support Levels Threaten
Key Takeaways Analysts suggest a potential drop of Bitcoin to $55K if current support levels are breached. Galaxy…
App