1 hour ago
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Key Takeaways
- 32.5% Supply Locked: 39.5M ETH staked; transfer volumes down 96%.
- February Floor Retest: Price hits crucial $1,871 capitulation low.
- $64M Daily Outflow: Binance stablecoin drain crushes exchange buying power.
- Fragile Long Base: Funding rate hits 2026 high of 0.01.
After erasing the entirety of the recovery built between March and May 2026,the TradingView daily chart shows ETH has broken beneath the Fibonacci 1.0 retracement level at $1,941, now trading clearly under it with the level flipping to overhead resistance.
The 50-day SMA sits at $2,219, the 100-day at $2,158, and the 200-day at $2,479, all positioned well above current price, confirming that ETH has broken beneath every major moving average on the daily timeframe simultan...
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