$ETH Consolidating Around $2,950 – On-Chain Strength Amid Holiday Dip? 📉➡️📈
Ethereum ($ETH) trading near $2,950 today (Christmas Day thin volume), down slightly but holding key support. On-chain metrics shining: L1 transactions hit 2025 record (~1.9M daily), staking at ATHs, and whale accumulation (Trend Research added 46K+ ETH in December).
Fusaka upgrade delivered scalability gains, low fees (~$0.16 avg), L2 activity rebounding – fundamentals solid despite ETF outflows.
2026 catalysts: Glamsterdam upgrade planning (MEV fairness), potential more institutional flows.
Healthy consolidation before next leg?
Trade Setup (Moderate Risk):
Long above $3,000
Targets: $3,200 – $3,400
Stop-Loss: $2,800
DYOR | NFA 🚨
ETHUSDT
Perp
2,947
+0.26%