"After getting back over $3k earlier this week, ETH has not been able to sustain this level, and has seen shorts take over the order book with continued selling. ETH funding rates on perpetual futures have gone to completely flat levels on some exchanges, while reaching negative figures on others. ETH Q1 2026 Futures contracts are just barely in contango today. End of January 2026 options contracts are seeing heavy volume on both puts and calls, as traders try and hedge"
"After briefly flirting with getting back to $130 per token, the high speed blockchain has cratered down to the $118 level. Unlike some other tokens, SOL hasn't been at this price range since April of this year. Coming off the back of the premier conference for Solana in Breakpoint, this price action is quite disappointing for"
Ethereum tested the key $2.8k level and failed to sustain recovery above $3k, with shorts taking over the order book. Funding rates on perpetual futures have flattened or turned negative across exchanges. Q1 2026 futures sit barely in contango while end‑January 2026 options show heavy volume on both puts and calls as traders hedge. The $4k and above level appears distant. Solana briefly approached $130 before falling to about $118, with price, new addresses, and active addresses trending down. Recent ecosystem narratives, including Decentralized AI, meme season, and wrapped ZCash, have faded.
Read at 24/7 Wall St.
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