Ethereum Consolidates Below $3,000 Amid Declining Exchange Supply and Rising ETF Demand
2025-07-15 13:28:20
Main Idea
Ethereum is consolidating below $3,000, supported by declining exchange supply and increasing institutional demand driven by ETFs, signaling potential for a sustained upward rally.
Key Points
1. Ethereum (ETH) is trading just under $3,000, showing stability after reclaiming key support levels at $2,400 and $2,600.
2. Exchange reserves have declined to approximately 19.7 million ETH, a five-year low, indicating reduced selling pressure and accumulation by holders.
3. Institutional demand for Ethereum is growing, partly due to ETFs offering ETH exposure, which sustains buying pressure.
4. Technical indicators suggest a controlled and sustainable rally, with potential upside targets at $3,400 and $4,000.
5. The consolidation phase and low exchange supply position Ethereum for a sustained rally, with investors watching for a breakout above $3,000.
Description
Ethereum consolidates steadily below the $3,000 mark, supported by declining exchange reserves and growing institutional ETF demand. Exchange-held Ethereum has dropped to a five-year low, indicating reduced selling pressure and
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