ETH Key Chip Zone Competition: Can Bulls Hold on to 3035 Support?

OKX-BTC/USDT is currently trading at $88934.40, with a 5-minute drop of 0.07%. Please be aware of the market fluctuations.

In the second quarter of 2025, the average cash production cost of Bitcoin mining companies was $74600, with a comprehensive production cost of $137800. （Cointelegraph）

[Pump.fun has repurchased approximately $200 million worth of PUMP tokens] According to fees.pump.fun data, on December 5, Pump.fun spent 9,633.99 SOL (approximately $1.3391 million) to repurchase 439.8 million PUMP tokens. Since the repurchase of PUMP began on July 15, a total of approximately $200 million worth of PUMP tokens have been repurchased, reducing the total circulating supply by 13.353%.

According to the 1-hour cycle display, the current price of ETH is testing the key support level of 3035, which happens to be the maximum trading volume range of the chip distribution (3030-3041), with a buying ratio of 1.02. Based on the observation of membership indicators, the KDJ golden cross continues to diverge, and with RSI breaking through the 50 median line and moving upwards, it suggests that short-term rebound momentum is accumulating. However, although the current price is above EMA24, it is still running below EMA52, and the medium and long-term moving averages are in a bearish position. The resistance level of 3056 above corresponds to the low-density area of the chip. If it can be broken through, it will open up upward space. Activate membership now to receive real-time KDJ golden fork alerts and chip tracking! The data is sourced from the PRO member's [ETH/USDT Binance USDT Perpetual 1-hour] K-line, for reference only, and does not constitute any investment advice.

French banking giant Banque Populaire plans to launch Bitcoin and cryptocurrency trading services for its 2 million retail customers on Monday. （Bitcoin Archive）