TL;DR
On December 29, Ethereum (ETH) advanced 2.75% and outperformed Bitcoin (BTC), Ripple (XRP), BNB, and Solana (SOL) during the session. The broader crypto market gained 2.32%, pushing total capitalization back above $3 trillion. Short-term gauges pointed to accumulation, higher participation, and a technical setup that supports continuation.
A single event drew attention. Whale wallet “0xcd9” withdrew 2,218 ETH worth $6.52 million from Kraken, according to Onchain Lens. Nineteen days earlier, the same address received 519 ETH valued at $1.62 million from Wintermute. At report time, holdings stood at 2,738 ETH worth $8.07 million. Exchange outflows cut near-term supply and often accompany accumulation phases.
A whale withdrew 2,218 $ETH ($6.52M), 37.1M $SKY ($2.36M), and 4,772 $AAVE ($730.36K) from #Kraken 7 hours ago.
The wallet received 519 $ETH ($1.62M) from #WinterMute 19 days ago. In total, it holds 2,738 $ETH ($8.07M).
Address: 0xcd9eb5783e2620762f47bf0a7d09c531225b5507 pic.twitter.com/lOcDwtgec8
— Onchain Lens (@OnchainLens) December 29, 2025
CoinMarketCap recorded a 130% jump in 24-hour ETH volume to $17.16 billion, signaling a return of flow from traders and investors.
The daily chart outlines a formation, common in continuations after recoveries. Based on the measured move, a daily close above $3,050 could open room toward $3,360, near 10% from breakout marks. The Average Directional Index (ADX) printed 29.09, above the 25 threshold, which signals trend strength during the rebound.
CoinGlass showed key levels at $2,915.1 (support) and $3,073.5 (resistance). Around those prices, the market built $1.03 billion in Cumulative Long Liquidation Leverage and $380.58 million in Cumulative Short Liquidation Leverage, levels that can accelerate moves when price tags liquidation triggers.
Bybit led with 9,398 ETH withdrawn. Gemini followed with 5,186 ETH. Binance posted a net outflow of 2,260 ETH while handling the largest overall whale volume, a mix of inflows and outflows that still pointed to a net accumulation backdrop. The pattern extended to Kraken, OKX, Upbit, and Crypto.com, with net withdrawals ranging from 165 to 1,140 ETH.
The Fear & Greed Index fell to 27, a mark of elevated fear among retail traders. Long-term holders also slashed exchange deposits during December, a stance aligned with supply retention and a cooler pace of forced selling.
The near-term chart combines whale accumulation, rising liquidity, and a structure that sustains momentum. While ETH defends the $3,000 area, market focus centers on $3,050 as a pivot for continuation and $2,915.1 as the protective valve. A break with strong volume above the neckline would validate the buy signal; a loss of support would reopen the range and raise the risk of long liquidations.
