#Ethereum : Supply Is Improving, But Demand Hasn’t Confirmed
$ETH is showing an important divergence: exchange reserves keep falling, yet price remains below $2.5K.
Less $ETH on exchanges means less immediately available sell-side supply. But repeated rejection near $2.5K suggests demand still isn’t strong enough to clear resistance.
This distinction matters: improving supply ≠ confirmed bullish momentum.
Key levels: • $2.5K — breakout confirmation
• $2.4K — key support
• $2.25K — deeper demand zone
So far, on-chain conditions are improving faster than price structure.
The key question: Can demand turn $2.5K from resistance into support?
#Ethereum #ETH #OnChain
$ETH is showing an important divergence: exchange reserves keep falling, yet price remains below $2.5K.
Less $ETH on exchanges means less immediately available sell-side supply. But repeated rejection near $2.5K suggests demand still isn’t strong enough to clear resistance.
This distinction matters: improving supply ≠ confirmed bullish momentum.
Key levels: • $2.5K — breakout confirmation
• $2.4K — key support
• $2.25K — deeper demand zone
So far, on-chain conditions are improving faster than price structure.
The key question: Can demand turn $2.5K from resistance into support?
#Ethereum #ETH #OnChain
