$ETH just crossed $3,850 – highest since Monday's dip.
I've been watching the charts since 6 AM UTC and something feels different this time. Whale wallets (1000+ ETH) added 8,200 coins in the last 48 hours according to Glassnode data I checked this morning.
What surprised me? Funding rates are still neutral at 0.01% on perps. Compare that to November when we hit $4K and rates were at 0.08%. Way less leverage right now.
The 50-day MA is sitting at $3,720... if we hold above that through this weekend, $BNB and $SOL usually catch up within 72 hours (saw this 3 times since October).
Could be wrong, but this doesn't feel like a blow-off top yet. Low funding, whales buying, retail still quiet.
What's your take – consolidation here or straight to $4K?
ETH
1,957.47
-6.07%