Ethereum Holds Near $2,335 After Weekend Slide as Traders Eye $2,500
- —Ethereum holds 47.1% of the $34.2 billion tokenized fund market, Token Terminal data shows
- —Altcoin open interest is down almost $9 billion from its local peak
- —The ETH staking exit queue has shrunk over 99%, from 282,000 ETH to 3,500 ETH
- —The ETH/BTC ratio near 0.28 last preceded a roughly 15% ETH rally in August
Why it matters: The $2,200 support and $2,500 resistance will decide whether ETH extends its correction or stages a recovery as leverage flushes out.
Source: CoinCentral