Ethereum Falls Below $3K as Recovery Stalls; Support Holds at $2,800
Ether slipped back under the $3,000 mark on Monday even as on-chain indicators and ETF inflows suggested the asset remains undervalued and found support around $2,800. The rebound lost momentum near $3,000 resistance, leaving short-term traders between defensive buying at lower levels and profit-taking pressure above. Mixed on-chain signals — some metrics pointing to accumulation while others show cooling activity — have made the immediate outlook uncertain.
Macro headlines added to the unease, with investor attention turning to a possible Bank of Japan rate hike that could tighten global liquidity and weigh on risk assets. The combination of continued institutional ETF demand and renewed macro risk means price action will likely hinge on whether $2,800 holds and if buyers can push and sustain a break above $3,000. Market participants will be watching ETF flows, on-chain activity, and central bank moves for directional clues.