Ether’s (ETH) price traded at $3,077, up 17% above its local lows of $2,620 reached on Nov. 21. However, reduced treasury buying and overhead resistance delayed sustained recovery toward $4,000.
Key takeaways:
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Ether treasury demand has collapsed 80%, raising concerns about their sustainability.
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Breaking the resistance at $3,200 is crucial for confirming the recovery.
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Ether’s falling wedge breakout targets $4,150 ETH if key support levels hold.
Ethereum treasuries have collapsed by 80%
Ether…
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