Main notes
- The icons have been withdrawn 360k ETH from the exchange in the past two days.
- ETH supplies on the stock exchanges fell to 8.97 million, which is the lowest since November 2015.
- ETH recently lost the decisive support level at $ 2050 and is now trading at $ 1970.
ethereum
Eth
1 994 dollars
24 hours fluctuation:
2.6 %
The maximum market:
240.51 dollars b
Folder. 24h:
$ 8.53 b
He was at the center of attention after I touched the brand of $ 2000, but he lost it after a long time.
Despite the low standard supply on the stock exchanges, I struggled with ETH in order to get ascending momentum, as about 47 % of its highest level in December of $ 4,105 to March 21 of its price of 1970 dollars, he said, decreased Coinmarketcap.
According to the Blockchain analysis platform, the ETHEREUM supply on stock exchanges fell to 8.97 million ETH, the lowest level since November 2015.
👋 Thanks to many Defi and Stokeing options, ETHEREUM holders now made the display available on the stock exchanges to 8.97 million, which is the lowest amount in nearly 10 years (November 2015). There are 16.4 % less $ ETH On exchanges compared to only 7 weeks. 😮 pic.twitter.com/R5957wphli
– Santiment (Santimentfeed) March 20, 2025
This represents a 16.4 % decrease in only seven weeks, supported by the popularity of decentralized financing (Defi) and deception.
The ETH reduction refers to an ongoing phase of accumulation, which historically led to supply pressure that prefers the long -term price movement.
Also, according to the prominent analyst Ali Martinez, which is huge 360,000 ethics icon was withdrawn From the exchange of encryption during the past 48 hours, which indicates that its owners are clear on the movement of the encrypted currency.
Martinez also shared a scheme that highlights the main support and resistance levels, with a modern collapse less than the decisive horizontal support level of about $ 2050.
#ETHEREUM $ ETH Hits $ 2000. Cold, but zoom! The big picture brewes something bigger. pic.twitter.com/vk4bw8ybfq
Ali (ali_charts) March 21, 2025
The graph also indicates a much less -sized goal, and perhaps near 1100 dollars, based on the distance between the levels of the previous range resistance and its support.
Low fee revenues and Mainnet activity
Despite the display crisis, the ETH has given performance due to low mainnet activity and low fees revenue.
Ethereum Layer-2 networks such as arbitrary and base gained a traction, providing fewer fees, which brought users away from Mainnet ethereum.
This shift has affected Ethereum revenuesWith the fees from $ 218 million in December to only $ 46 million in February. Moreover, the total value of Ethereum Locked (TVL) in Defi decreased from $ 76 billion in December to $ 46 billion.
Staking Etfs: a possible life artery?
The institutional interest in Ethereum is still lukewarm, with $ 370 million in external flows From ethereum spot etfs last month.
However, the next decision made by the US Securities and Stock Exchange Committee (SEC) regarding Ethereum Staking Etfs can change the game.
If approved, the investment funds circulating in the field of investment funds can provide a new way for institutional investors, increase demand and reduce the liquid supply.
In February, CBOE BZX Exchange submitted a 19B-4 request to agree to the ETHEREUM ETF share on the behalf of 21shares.
ETHEREUM Prices Analysis (ETHREUM)
The RSI index (RSI) is 40.72, indicating a slightly neutral momentum for ETHEREUM. The gradient of the line indicates a slow -term momentum.
The ETHEREUM price is traded near the lower Bollinger Band, indicating that it is in a declining direction but may see a temporary reflection towards the middle range ($ 2040.92).
The higher resistance level is still at $ 2,368.70 a major level to see it.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.