$ETH
Based on the latest analysis, Ethereum (ETH) is exhibiting mixed signals in the short-term, but maintains long-term bullish fundamental support.
Here is a quick summary:
📈 Price & Technical Analysis
Near-Term Range: ETH has been largely range-bound recently, with a notable dip in early November followed by a rebound. It is currently struggling for a clear direction.
Bullish Long-Term Setup: The 50-day Exponential Moving Average (EMA) remains above the 200-day EMA, forming a "golden
cross" pattern. This is a technical indicator that generally suggests the long-term uptrend is intact.
Cautionary Signal: Despite the "golden cross," the price has recently been trading below both the 50-day and 200-day EMAs, suggesting potential short-term weakness or consolidation.
On-Chain & Fundamental Analysis
Scarcity/Supply Shock: The supply of ETH on centralized exchanges is historically low (~10% of total supply). This is a strong structural shift, as most ETH has moved into staking, DeFi, and long-term custody, creating a fundamental support for long-term price growth due to reduced available supply for immediate selling.
Whale Activity: There are recent reports of whales (large holders) returning to the Ethereum market, which suggests increased institutional or large-scale buying interest.