$ETH Ethereum Holds at $1,872, Supply Squeeze Meets Weak Demand
ETH is currently trading at $1,872, continuing its narrow consolidation as bulls and bears remain in a standoff.
On-chain data shows the staking rate has risen to 33%, while exchange reserves have seen net outflows for 90 consecutive days totaling 34%, indicating tightening available supply. However, prices have not followed supply contraction higher — retail investors have seen net outflows of ~360,000 ETH over the past week, the Coinbase premium remains negative, and stablecoin inflows are below the 90-day average.
Spot ETF flows lack direction, with another $11.42 million in net outflows on Monday. Key resistance sits at $1,880–1,890, with support at $1,850–1,860. The supply-side
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