So, here we are, folks! Ethereum has been lounging around under $3,000 like it’s the last day of a holiday sale and the only thing left is a pair of socks. 🎁🧦 After some dramatic attempts to break free in December, ETH decided it was far more comfortable in its cozy little range below that oh-so-important threshold.
As I write this (with my fingers crossed), ETH is strutting at $2996-up a dazzling 0.45% in the last 24 hours and rocking a weekly gain of 2.23%. Not exactly the kind of fireworks we were hoping for on New Year’s Eve, is it? 🎆
Now, just as our bullish friends gather their courage to leap over the $3,000 barricade on this last day of 2025, analysts have dropped the bombshell: there’s a sell wall lurking like an uninvited guest at the party. 🍾💸 Maartunn, our resident crypto detective from CryptoQuant, has uncovered a monstrous sell wall sitting smugly on Ethereum futures. Apparently, there’s about $77.6 million in sell orders waiting just above the ETH price at $2,982. Talk about a party pooper!
Heavy sell wall on ETH Futures 📉
Binance order book shows ~$77.6M in asks stacked just above price at $2,982.
– Maartunn (@JA_Maartun) December 31, 2025
“This heavy sell wall is like the universe saying ‘Not today, Ethereum!’” Maartunn quipped on X, sharing a snapshot of the ETH/USDT Binance futures one-hour chart that looks more like a bouncer at an exclusive club than anything else. 🙄
Volume Dips – Cue the Dramatic Music
According to our friends at Santiment (who are basically the gossip columnists of the crypto world), trading volume has taken a little holiday snooze in the final weeks of 2025. With the markets moving slower than a sloth on vacation and holiday festivities pulling traders away from their screens, it seems Bitcoin and altcoins (especially our dear Ethereum) are having the quietest two-week stretch compared to last year. It’s like everyone decided to take a break at the same time! 💤
With volume dipping and that pesky sell wall still looming, it looks like our bullish pals might have a challenging road ahead if they want to conquer $3,000. If they can somehow bust through the $2,982 wall, maybe-just maybe-Ethereum will saunter up to $3,000, before facing its next obstacle in the $3,500 area. Fingers crossed! 🤞
What’s Next for Our Beloved Ethereum?
On a brighter note, Bitwise is feeling optimistic, predicting Ethereum could hit an all-time high in 2026 if the CLARITY Act pulls through. That’s right, folks, a little regulation could mean big bucks! 💰✨
And let’s talk upgrades! Ethereum developers are already buzzing about “Hegota,” the network’s second major upgrade set for 2026. This follows “Glamsterdam,” which is gearing up to make its grand entrance in the first half of 2026. Sounds fabulous, right? 💃✨
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2025-12-31 18:10