🔺ETH Resistance at $3,877–$3,987, Support at $3,434

* Glassnode analytics, shared by Ali Martinez, pinpoint that many ETH holders bought in at ~$3.9K a potential sell zone.

* A decline toward $3,434 could attract new buying interest and stabilize price action.

🔺WBTC whale sell-off: Watch for short-term pressure in WBTC pairs if realized.

🔺 💼 StablecoinX Raises $360M for Ethena Treasury Buy

* New entrant StablecoinX secures $360 million to acquire Ethena (ENA) tokens.

* Aims to bring Ethena to public markets, opening Web3 treasury investment to mainstream investors.

🔺NFT momentum: Micro-narratives like Fat Penguins reflect rebounding digital collectibility interest.

🔺BTC macro view: Saylor’s scarcity warning underlines strong case for long-term Bitcoin holding.

#Ethereum #ETH #Glassnode #WBTC #WhaleAlert #StablecoinX #Ethena #NFT #FatPenguin #MichaelSaylor #BitcoinScarcity #CryptoNews #Binance