Journalist
Posted:
- Ethereum’s exchange supply has plunged to its lowest level in nine years.
- Could this supply squeeze trigger a price surge?
The supply of Ethereum [ETH] on exchanges has dropped to its lowest level since 2016, signaling a liquidity squeeze that supports a medium-term bullish outlook.
With sell-side pressure easing and accumulation rising, could ETH reclaim the critical $3.5K resistance in the near term?
Key technicals flash bullish
Despite no signs of overheating, Ethereum remains 32% below its post-election peak of $4,016, having formed four consecutive lower lows.
This time, however, the RSI has bottomed out, and a bullish MACD crossover is taking shape – suggesting ETH’s consolidation could be building momentum for a breakout.
Yet, historical patterns suggest caution. Previous recoveries failed to breach key resistance as demand struggled to absorb sell pressure.
Source: TradingView (ETH/USDT)
However, Ethereum’s spot exchange supply has plunged to a 9-year low of 8.2 million ETH.
With tightening liquidity and potential demand acceleration, conditions are aligning for a supply shock – one that could fuel a breakout past key resistance levels.
Mapping Ethereum’s next major resistance zone
Ethereum faces a critical resistance at $2,785, where 8.10 million addresses would flip profitable, exposing $20 billion to potential sell pressure.
Source: IntoTheBlock
While spot reserves hit a 9-month low, signaling accumulation, investors offloaded over 2 million ETH into exchanges in February, raising concerns about mounting sell pressure.
Weak demand from U.S. and Korean investors further threatens upside momentum, potentially trapping leveraged longs in the futures market.
If demand fails to recover, Ethereum could face a pullback toward $2,264, where 62.38 million ETH is concentrated.
Posted:
- Ethereum’s exchange supply has plunged to its lowest level in nine years.
- Could this supply squeeze trigger a price surge?
The supply of Ethereum [ETH] on exchanges has dropped to its lowest level since 2016, signaling a liquidity squeeze that supports a medium-term bullish outlook.
With sell-side pressure easing and accumulation rising, could ETH reclaim the critical $3.5K resistance in the near term?
Key technicals flash bullish
Despite no signs of overheating, Ethereum remains 32% below its post-election peak of $4,016, having formed four consecutive lower lows.
This time, however, the RSI has bottomed out, and a bullish MACD crossover is taking shape – suggesting ETH’s consolidation could be building momentum for a breakout.
Yet, historical patterns suggest caution. Previous recoveries failed to breach key resistance as demand struggled to absorb sell pressure.
Source: TradingView (ETH/USDT)
However, Ethereum’s spot exchange supply has plunged to a 9-year low of 8.2 million ETH.
With tightening liquidity and potential demand acceleration, conditions are aligning for a supply shock – one that could fuel a breakout past key resistance levels.
Mapping Ethereum’s next major resistance zone
Ethereum faces a critical resistance at $2,785, where 8.10 million addresses would flip profitable, exposing $20 billion to potential sell pressure.
Source: IntoTheBlock
While spot reserves hit a 9-month low, signaling accumulation, investors offloaded over 2 million ETH into exchanges in February, raising concerns about mounting sell pressure.
Weak demand from U.S. and Korean investors further threatens upside momentum, potentially trapping leveraged longs in the futures market.
If demand fails to recover, Ethereum could face a pullback toward $2,264, where 62.38 million ETH is concentrated.
Организуйте раздачу рекламных материалов стильно! буклетница напольная поможет компактно разместить листовки, каталоги и брошюры. Устойчивая, стильная, удобная – она идеально подходит для выставок и точек продаж.
ФОРМАТ-МС предлагает популярные модели мобильных стендов для вашего бизнеса. Узнайте больше на format-ms.ru. Наш офис находится по адресу: Москва, Нагорный проезд, дом 7, стр. 1, офис 2320. Звоните нам по телефону +7(499)390-19-85.
Хотите получить займ, не отказываясь от машины? С помощью займ под залог птс автомобиля вы сможете воплотить планы в жизнь. Минимум документов, максимальная скорость — именно то, что нужно!
Реклама, которая всегда под рукой! мобильные выставочные стенды помогут выделиться на выставках и конференциях. Компактные, легкие в установке и с эффектным дизайном – идеальный выбор для успешного продвижения вашей компании.
Ищете качественные мобильные стенды? Обращайтесь в ФОРМАТ-МС! Подробная информация доступна на сайте format-ms.ru. Наш офис расположен в Москве по адресу: Нагорный проезд, дом 7, стр. 1, офис 2320. Телефон для связи: +7(499)390-19-85.
Организуйте промо-акции с удобным оборудованием! буклетница поможет стильно разместить рекламные материалы, сделав их доступными для клиентов. Прочная, легкая, компактная — идеальное решение для выставок и офисов.
Ищете надежного поставщика мобильных стендов? ФОРМАТ-МС к вашим услугам. Подробная информация на сайте format-ms.ru. Наш офис в Москве: Нагорный проезд, дом 7, стр. 1, офис 2320. Свяжитесь с нами по телефону +7(499)390-19-85.