coin-img-ETHETH+3.60%coin-img-BTCBTC+2.75%coin-img-UCNUCN+0.32%coin-img-SOLSOL+3.27%coin-img-XRPXRP+1.80%coin-img-USDCUSDC+0.02%coin-img-ADAADA+2.64%coin-img-DOGEDOGE+2.66%coin-img-ETHETH+3.60%coin-img-BTCBTC+2.75%coin-img-UCNUCN+0.32%coin-img-SOLSOL+3.27%coin-img-XRPXRP+1.80%coin-img-USDCUSDC+0.02%coin-img-ADAADA+2.64%coin-img-DOGEDOGE+2.66%coin-img-ETHETH+3.60%coin-img-BTCBTC+2.75%coin-img-UCNUCN+0.32%coin-img-SOLSOL+3.27%coin-img-XRPXRP+1.80%coin-img-USDCUSDC+0.02%coin-img-ADAADA+2.64%coin-img-DOGEDOGE+2.66%coin-img-ETHETH+3.60%coin-img-BTCBTC+2.75%coin-img-UCNUCN+0.32%coin-img-SOLSOL+3.27%coin-img-XRPXRP+1.80%coin-img-USDCUSDC+0.02%coin-img-ADAADA+2.64%coin-img-DOGEDOGE+2.66%

On-Chain Analyst Pinpoints $2,700 as Key Ethereum Support Zone Amid Whale Caution

On December 29, on-chain analyst Murphy said Ethereum’s main risk is a fragmented lower support structure, according to BlockBeats. He identified $2,700 as a critical demand zone, warning a break could create a price “vacuum.” Murphy noted ETH whales remain in the market but are more cautious, with heavy positioning—about 17.9 million ETH, or 22.6% of supply—clustered between $2,700 and $3,100. Fresh accumulation near $2,700–$2,800 has seen no profit-taking, reinforcing $2,700 as a key institutional support level.
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