Ethereum has remained below 3,000 since Monday, with price hovering near 2,950 under resistance at 3,200–3,300. Derivatives metrics show record leverage on Binance and a Taker Buy Sell Ratio of 1.13 on December 19, signaling aggressive buying even as the spot structure appears fragile.

Bitcoin has faced strong selling in recent sessions, with price briefly bouncing from around $86,000 toward $90,000 on Wednesday before sliding back to the $86,000 area. On-chain data cited by Axel Adler shows the 30-day Short-Term Holder SOPR has fallen to 0.98, meaning recent sales by short-term holders are being made at a loss. BTC now trades near the $86,000–$88,000 zone around its 200-day moving average after a correction from highs close to $125,000, keeping downside risk and structural weakness in focus.

Bitcoin has fallen over 30% since early October, shifting sentiment from optimism to caution as some market participants view the move as a possible peak. A new thesis argues the classic four-year pattern may be giving way to a structurally supported supercycle. Price action remains weak below 90,000 dollars, with 85,000–86,000 highlighted as key support.

XRP slipped below $2 as liquidity and demand across altcoins weakened. On Binance, futures taker buy volume fell from above $5.8 billion in July to roughly $250 million, a 95.7% drop, highlighting fading conviction. Derivatives signals and price action under key moving averages point to elevated downside risk.

On December 15, CryptoQuant data showed short-term holders moved about 24.7K BTC to exchanges near ~$88.2K, with 86.8% realized in profit and over $1.89 billion in value. As price slipped toward ~$85K on December 16, STH inflows fell to 3.9K BTC while long-term holder inflows were muted, indicating profit-taking rather than structural distribution.

Ethereum is trading above $3,200 while on-chain data shows its price moving close to the realized cost basis of wallets holding more than 100,000 ETH, near the $2,500 zone. This level, which has only been tested four times in the last five years according to CryptoQuant, has historically acted as a structural floor and coincided with major market turning points. At the same time, ETH faces resistance around its 50-day moving average and key overhead levels between $3,400 and $3,600.

XRP has been trading close to its lowest price of the year, with the chart showing a clear deterioration in trend structure while broader market sentiment stays cautious. At the same time, a CryptoQuant report notes that whale wallets are stepping up trading and accumulation, and the XRP Spot Taker CVD has shifted to taker-buy dominance. This combination of rising large-holder activity and stronger aggressive buying is often seen around market bottoms, even though price remains below key moving averages and overall demand is still weak.

Bitcoin slipped back under $91,000 after the Federal Reserve cut interest rates by 25 basis points, sparking short-term volatility across risk assets. On-chain metrics from Binance show Exchange Inflow Coin Days Destroyed dropping to 380, the lowest level since September 2017, signaling that long-term holders are largely avoiding deposits to exchanges. With BTC trading around $89,600 and price trapped between the 200-day and 100-day moving averages, the market sits in a fragile consolidation while whales appear reluctant to sell.

Following the latest FOMC meeting, where the Federal Reserve cut rates by 25 basis points, Ethereum slipped toward $3,160–$3,196 and market sentiment turned cautious. A well-known Bitcoin OG expanded a leveraged long to 120,094 ETH worth about $392.5 million, with liquidation set at $2,234.69, according to Lookonchain. With ETH still below major moving averages near $3,300, the position faces rising risk if volatility spikes or support around $3,050–$3,100 is revisited.