Ethereum Holds Strong at $3,150 as Accumulation Strengthens
Ethereum has stabilized around the $3,150 level, with price action showing a clear support floor after a brief slowdown in the recent uptrend. On-chain data and exchange flow metrics point to increased accumulation by long-term holders and spot traders, suggesting the dip is being absorbed rather than sold off. This defensive buying has helped mute volatility even as broader markets trade mixed.
Why it matters: a solid support band around $3,150 reduces near-term downside risk and gives bulls a base to restart momentum if macro conditions improve. Traders will watch volume, funding rates, and inflows to spot whether accumulation turns into renewed buying pressure or simply a consolidation phase. For now, resilience among holders keeps the outlook cautiously positive.