Ethereum -Price still tries to restore the $ 1,900 figure as weak Defi statistics and weighing increased competitions at its price.
Due to reduced liquidity and investors participation, the total value of the network, according to Defillama in February, fell from $ 63 billion in January to $ 44 billion in February facts. The intake of Stablecoin is delayed, which indicates a slower capital rotation in Ethereum (ETH) protocols.
The data also shows that decentralized trade volumes of the exchange have fallen, from $ 92 billion in December to $ 82 billion in February. Because other chains such as Hyperliquid (Hype) and Solana (SOL), growing eternal futures trading volumes register, Futures -Trading on Ethereum has fallen from $ 31 billion in December to $ 18 billion in February.
The income from Ethereum received a big hit and fell from $ 193 million in December to just $ 26 million in February. Falling transaction costs and low network activity have caused the sharp fall.
According to Sosovalue factsSpot Ether ETFs have experienced recordings for four weeks in a row, a total of $ 176 million in the past month. This trend shows that the institutional demand for Ethereum has been reduced.
Ethereum is currently trading at $ 1,876 and is struggling to maintain the crucial level of support of $ 1,875. Now that ETH is consistently trading under its 50-day advancing average of $ 2,282.50, the daily graph has a clear downward trend, which strengthens the Bearish Momentum.
Bollinger tires show higher volatility. Ethereum hugs the bottom tire and suggests over -sold circumstances. At 34.51, the relative strength index is near the over -sold threshold of 30, which has a bad buying pressure, but should increase the possibility of assistance.
The low trade volume indicates poor market participation. ETH can go to $ 1,800 if it breaks below $ 1,875; While a reversal would resist $ 2,282. Ethereum has to reclaim its 50-day advancing average to see a bullish shift, but price movement is still under pressure.
An important development to keep an eye on is the push to include the use in Ether -ITFs. CBOE BZX has submitted a request for American supervisors to make Fidelity ETF possible, according to a similar request of 21Shares in February. If approved, investors could earn around 3.3% from rewards, which could attract more institutional interest.
