ETH at $2,110: Daan Crypto Trades' $2,100 Level Is the Line to Watch

Three Things to Know

• Spot Ethereum ETFs bled cash for a sixth straight week while a handful of whales scooped up coins.
• Ether now trades below both its 50-day and 200-day averages, and momentum still favors sellers.
• The $2,100 high-timeframe line flagged by Daan Crypto Trades decides whether the slide deepens.

Wall Street money keeps leaving Ether. US spot funds posted another week of withdrawals, while a few large wallets bought heavily, one of them with borrowed stablecoins.

That split leaves ETH caught between two forces. Every recent whale entry now sits at a loss, and the chart has lost the trend structure bulls relied on all summer. Traders want to know if buyers can defend the line one analyst calls key, or if leverage turns into forced selling.

ETF Money Leaves While Whales Borrow to Buy

US spot Ethereum ETFs lost $365.3 million last week, their sixth straight week of outflows, according to SoSoValue data. The funds have shed about $2 billion over that stretch. Cumulative net inflows now stand at $11.92 billion, down from a peak of $15.09 billion in October 2025.

Large holders are moving the other way. On-chain trackers show three big wallets added about 35,350 ETH. Lookonchain flagged one wallet that borrowed 22 million USDT from Aave. It bought 10,000 ETH near $2,155.

A second wallet pulled 16,577 ETH from Binance over the week, EmberCN said. Its average cost sits near $2,304. A third wallet bought its coins at roughly $2,245. All three entries sit above today's price, so these buyers are underwater.

Supply is also tightening. CryptoQuant data puts exchange reserves at 14.62 million ETH, down from about 16.9 million in January. BitMine holds 6,060,506 ETH, close to its goal of owning 5% of supply.

Analyst Daan Crypto Trades called this zone the key high-timeframe level to hold.

Both Moving Averages Now Sit Overhead

Ethereum (ETH) daily price with the nearest support (green) and resistance (red). Source: TradingView

Ether traded near $2,110 on Monday, flat over the past 24 hours. That calm hides a weaker picture on the daily chart. Price now sits below both of the moving averages that traders watch most.

A moving average smooths out daily swings by tracking the mean closing price over a set period. The 50-day average stands near $2,370. The 200-day sits around $2,310. When price trades under both, those lines tend to act as ceilings on any bounce.

The order of the two averages adds to the warning. The shorter 50-day line still sits above the longer 200-day line, but price has fallen through both. Buyers who entered over the past two months are now holding losses, and many may sell into rallies to get out near breakeven.

Real damage came on Nov 8. Ether closed below $2,200 that day and broke a rising trend line that had held since the late-June low. Losing it removed the structure bulls had leaned on all summer.

Ether is down about 7% this week and about 15% over the past month. The losses built up day by day, which points to persistent selling.

That grind has now carried price right onto the high-timeframe level Daan Crypto Trades flagged. Ether is testing it with little cushion left.

Sellers Still Hold the Momentum Edge

RSI, a 0 to 100 gauge of momentum, reads about 32 on the daily chart. That sits just above the oversold line at 30. Selling has run hard, but the gauge has not yet flashed the kind of exhaustion that often comes before a bounce.

Other signals lean the same way. MACD, which compares short and long price trends, remains below its signal line. In plain terms, momentum is still pointing down. Trend strength readings show a move taking shape, and sellers are the ones driving it.

A flat session after a week of losses looks like a pause. Buyers have not shown enough force to turn the tape.

Bulls would want RSI to climb back toward the middle of its range before reading any turn.

A Lost $2,100 Opens the Road to $1,850

If Ether closes a day below that line, the chart shows little support until about $1,850. That zone marks the nearest floor in the data. A drop there would push every whale entry deep into the red.

The wallet that borrowed from Aave faces the sharpest test, since a deeper drop eats into its collateral. Forced selling from leveraged buyers could add fuel to a decline.

A chart pattern points lower still. The rising wedge breakdown targets about $1,754, which lines up with the 0.786 Fibonacci retracement. Fibonacci levels are ratios traders use to map where a pullback may stall. That target sits below the support cluster, so a failed bounce there would leave room for more losses.

Recovery has its own steps. Bulls first need to retake resistance near $2,280, then the next ceiling around $2,400. A daily close above roughly $2,439, the 0.618 Fibonacci level, would put $2,500 back in play. Until then, sellers keep the upper hand.

What Decides the Next Three Days

The next few sessions hinge on one daily close.

• Bullish: Ether holds the key line, then reclaims first resistance. That would open a push toward the next ceiling and ease pressure on the whale entries. A close back below that line cancels this case.
• Bearish: A daily close under that same line sends price toward the support cluster below. Leveraged buyers would then face growing strain. A move back above first resistance invalidates this path.

Whales Have Bet, the Chart Has Not Agreed

Whale buying shows conviction, yet ETF money keeps leaving and the chart still favors sellers.

The bigger risk sits with leveraged buyers, whose positions could turn into forced selling.