Ethereum dominance closed above trend resistance, but the clearance was minimal and lacked strong confirmation.
ETH price recovered above $3,300 after a deep liquidity sweep and rising transaction activity across the market.
Whale activity shows increased leverage exposure, signaling higher conviction despite weak dominance follow-through.
Ethereum dominance shows a tentative reclaim while ETH price recovers above key market levels, creating a mixed set of signals across the broader crypto landscape. Rising activity supports price strength, yet dominance metrics remain fragile.
ETH Dominance Shows a Weak Reclaim Attempt
Ethereum dominance comes into view after the daily chart closed slightly above the long-standing red trendline and the 50-day SMA. However, the clearance measured only 0.01%, creating a narrow margin that lacked firm conviction. The move positioned dominance at 12.79%, only marginally above the 12.78% moving average.
A post by Umair Crypto described the close as a technical move rather than a confirmed shift. The reclaim occurred within a familiar resistance zone that has capped progress for months. Without distance from this level, dominance remains vulnerable to renewed selling pressure. Recent candles also reflect hesitation near this area.
https://twitter.com/Umairorkz/status/1998585253246763272?s=20
Market behavior around the broader altcoin basket adds to this caution. Others.D failed to produce a green close on the same day, despite positive action in major assets. This divergence suggests selective rotation rather than broad participation, reducing the weight behind the dominance recovery.
ETH Price Recovery Gains Traction after a Deep Sweep
While dominance hesitates, Ethereum price action tells a different story. ETH trades near $3,328 as activity picks up, supported by a weekly gain of almost 9%. The 24-hour volume rose more than 57% to reach $33.9B, marking strong engagement across trading venues. These conditions often precede directional expansion when liquidity aligns with structural shifts.
Source: Coinmarketcap
The chart reflects a recovery from a sharp washout earlier in the week. ETH dipped into the $3,090 to $3,150 range, clearing late-long positions and capturing deeper bids. This created a demand pocket that helped drive the subsequent rally above $3,270. The price then stabilized above the $3,300 zone, forming a fresh higher-low structure that signaled intent from buyers.
The green acceptance zone on the current chart suggests the market is comfortable at elevated levels. With circulating supply stable near 120.69 million ETH and turnover accelerating, the near-term structure favors continuation if current momentum holds. The next visible liquidity areas sit around $3,380 and $3,450.
Whale Positioning Adds Momentum to Market Behavior
A notable development emerged from whale activity shared by Frej0 Web3. A holder closed a 1,654 ETH spot position valued at roughly $5.49 million. The capital was moved to a derivatives venue to open a 7x leveraged long worth 11,543 ETH, indicating a shift toward aggressive positioning.
This transition from spot exposure to leveraged participation reflects stronger short-term expectations.The big market participants tend to change positioning before directional expansions, and such a course of action goes with the recent structural recovery on the ETH chart.
These signs have been met with fear by the larger market. Despite the resilience of ETH, it would still need to sustain leading above 12.78% in order to reaffirm leadership. Until then, the market reflects a split environment where price strength contrasts with selective rotation.
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