ETH Price Consolidates Near Major Support While DeFi and Institutional Activity Remains Strong
Ethereum is trading near a critical support zone after months of correction, even as on-chain data shows record whale accumulation and continued dominance in decentralized finance activity. The ETH/USDT daily chart on Binance shows price consolidating near 2,964 after a prolonged decline from late 2025 highs, placing market focus on whether support will hold.
The diagram indicates that Ethereum price is still above the 2,750-2,900 range, which has been historically very important. The upper limit of this zone was a previous barrier to upside, and later it became the area where buying interest entered. Nevertheless, the long-term pattern above the significant low point of 1,537.26 remains to be seen.
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