Ethereum remains within a tight trading range, failing to break above 3,859 USD or below 3,524 USD. The decline in the estimated leverage ratio to 0.76 reflects reduced speculative activity, indicating a cautious approach from investors.
A significant drop in whale netflow by 224% suggests profit-taking among large ETH holders. If Ethereum breaks below the support level of 3,524 USD, it may fall to 3,067 USD, whereas a rally above 3,859 USD could push prices towards 4,000 USD.
Leave a Reply