• bitcoinBitcoin (BTC) $ 108,409.00
  • ethereumEthereum (ETH) $ 2,551.85
  • tetherTether (USDT) $ 0.999952
  • xrpXRP (XRP) $ 2.28
  • bnbBNB (BNB) $ 660.82
  • solanaSolana (SOL) $ 150.09
  • usd-coinUSDC (USDC) $ 0.999904
  • tronTRON (TRX) $ 0.286865
  • dogecoinDogecoin (DOGE) $ 0.169170
  • staked-etherLido Staked Ether (STETH) $ 2,551.47
  • cardanoCardano (ADA) $ 0.578564
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,212.00
  • hyperliquidHyperliquid (HYPE) $ 37.79
  • wrapped-stethWrapped stETH (WSTETH) $ 3,090.36
  • suiSui (SUI) $ 2.88
  • bitcoin-cashBitcoin Cash (BCH) $ 498.67
  • chainlinkChainlink (LINK) $ 13.33
  • leo-tokenLEO Token (LEO) $ 9.04
  • stellarStellar (XLM) $ 0.250926
  • avalanche-2Avalanche (AVAX) $ 17.97
  • usdsUSDS (USDS) $ 0.999814
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • wrapped-eethWrapped eETH (WEETH) $ 2,734.09
  • the-open-networkToncoin (TON) $ 2.77
  • wethWETH (WETH) $ 2,551.83
  • hedera-hashgraphHedera (HBAR) $ 0.156743
  • litecoinLitecoin (LTC) $ 86.53
  • whitebitWhiteBIT Coin (WBT) $ 45.02
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999758
  • moneroMonero (XMR) $ 314.60
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,350.00
  • ethena-usdeEthena USDe (USDE) $ 0.999130
  • polkadotPolkadot (DOT) $ 3.34
  • bitget-tokenBitget Token (BGB) $ 4.30
  • uniswapUniswap (UNI) $ 7.45
  • aaveAave (AAVE) $ 281.96
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.455900
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • bittensorBittensor (TAO) $ 319.88
  • okbOKB (OKB) $ 48.04
  • aptosAptos (APT) $ 4.39
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 182.20
  • nearNEAR Protocol (NEAR) $ 2.13
  • internet-computerInternet Computer (ICP) $ 4.74
  • ethereum-classicEthereum Classic (ETC) $ 16.45
  • crypto-com-chainCronos (CRO) $ 0.080509
  • ondo-financeOndo (ONDO) $ 0.780761
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 0.999863
  • kaspaKaspa (KAS) $ 0.074862
  • fasttokenFasttoken (FTN) $ 4.45
  • mantleMantle (MNT) $ 0.568722
  • gatechain-tokenGate (GT) $ 15.58
  • cosmosCosmos Hub (ATOM) $ 4.03
  • bonkBonk (BONK) $ 0.000023
  • vechainVeChain (VET) $ 0.020415
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.666769
  • official-trumpOfficial Trump (TRUMP) $ 8.49
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.186029
  • skySky (SKY) $ 0.078515
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 107,925.00
  • render-tokenRender (RENDER) $ 3.16
  • arbitrumArbitrum (ARB) $ 0.326162
  • ethenaEthena (ENA) $ 0.254130
  • quant-networkQuant (QNT) $ 106.83
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,552.18
  • filecoinFilecoin (FIL) $ 2.25
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.49
  • algorandAlgorand (ALGO) $ 0.174052
  • worldcoin-wldWorldcoin (WLD) $ 0.860336
  • usdtbUSDtb (USDTB) $ 0.999655
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997631
  • kucoin-sharesKuCoin (KCS) $ 11.01
  • sei-networkSei (SEI) $ 0.252162
  • binance-staked-solBinance Staked SOL (BNSOL) $ 159.20
  • usdt0USDT0 (USDT0) $ 0.999999
  • jupiter-exchange-solanaJupiter (JUP) $ 0.430796
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,675.29
  • nexoNEXO (NEXO) $ 1.21
  • tokenize-xchangeTokenize Xchange (TKX) $ 15.32
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,908.17
  • spx6900SPX6900 (SPX) $ 1.26
  • fartcoinFartcoin (FARTCOIN) $ 1.10
  • flare-networksFlare (FLR) $ 0.015890
  • celestiaCelestia (TIA) $ 1.56
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999880
  • xdce-crowd-saleXDC Network (XDC) $ 0.065579
  • injective-protocolInjective (INJ) $ 10.36
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999849
  • blockstackStacks (STX) $ 0.643966
  • sonic-3Sonic (S) $ 0.305132
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,723.06
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.47
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,680.30
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.015316
  • optimismOptimism (OP) $ 0.533519
  • pax-goldPAX Gold (PAXG) $ 3,334.19
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,255.00
  • story-2Story (IP) $ 3.14
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,166.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999557
  • wbnbWrapped BNB (WBNB) $ 660.89
  • kaiaKaia (KAIA) $ 0.149472
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,691.18
  • dogwifcoindogwifhat (WIF) $ 0.843150
  • clbtcclBTC (CLBTC) $ 109,014.00
  • tether-goldTether Gold (XAUT) $ 3,327.00
  • flokiFLOKI (FLOKI) $ 0.000084
  • the-graphThe Graph (GRT) $ 0.082385
  • vaultaVaulta (A) $ 0.499554
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 168.34
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.25
  • immutable-xImmutable (IMX) $ 0.411939
  • msolMarinade Staked SOL (MSOL) $ 196.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,757.41
  • ousgOUSG (OUSG) $ 111.71
  • curve-dao-tokenCurve DAO (CRV) $ 0.504690
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • theta-tokenTheta Network (THETA) $ 0.680638
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998046
  • jito-governance-tokenJito (JTO) $ 1.85
  • lido-daoLido DAO (LDO) $ 0.714074
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • galaGALA (GALA) $ 0.013933
  • zcashZcash (ZEC) $ 38.66
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.44
  • saros-financeSaros (SAROS) $ 0.229839
  • iotaIOTA (IOTA) $ 0.155817
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • wrapped-hypeWrapped HYPE (WHYPE) $ 37.75
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 108,034.00
  • the-sandboxThe Sandbox (SAND) $ 0.241518
  • usual-usdUsual USD (USD0) $ 0.997692
  • aerodrome-financeAerodrome Finance (AERO) $ 0.687405
  • raydiumRaydium (RAY) $ 2.18
  • jasmycoinJasmyCoin (JASMY) $ 0.011994
  • super-oethSuper OETH (SUPEROETH) $ 2,552.47
  • tbtctBTC (TBTC) $ 107,899.00
  • syrupMaple Finance (SYRUP) $ 0.525502
  • newton-projectAB (AB) $ 0.008382
  • pendlePendle (PENDLE) $ 3.38
  • walrus-2Walrus (WAL) $ 0.400856
  • tezosTezos (XTZ) $ 0.524531
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,727.88
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,551.96
  • pyth-networkPyth Network (PYTH) $ 0.095160
  • falcon-financeFalcon USD (USDF) $ 0.991532
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,683.32
  • flowFlow (FLOW) $ 0.323767
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,411.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,551.83
  • decentralandDecentraland (MANA) $ 0.261829
  • true-usdTrueUSD (TUSD) $ 0.998310
  • bitcoin-svBitcoin SV (BSV) $ 24.69
  • coredaoorgCore (CORE) $ 0.488132
  • ripple-usdRipple USD (RLUSD) $ 0.999746
  • venomVenom (VENOM) $ 0.229826
  • apecoinApeCoin (APE) $ 0.594130
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999904
  • chain-2Onyxcoin (XCN) $ 0.013623
  • thorchainTHORChain (RUNE) $ 1.33
  • dexeDeXe (DEXE) $ 7.77
  • beldexBeldex (BDX) $ 0.061037
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004324
  • apenftAPENFT (NFT) $ 0.00000044
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.169125
  • morphoMorpho (MORPHO) $ 1.35
  • kavaKava (KAVA) $ 0.396135
  • heliumHelium (HNT) $ 2.31
  • usddUSDD (USDD) $ 0.999831
  • based-brettBrett (BRETT) $ 0.042354
  • staked-hypeStaked HYPE (STHYPE) $ 37.98
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 0.999102
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006920
  • starknetStarknet (STRK) $ 0.110833
  • stader-ethxStader ETHx (ETHX) $ 2,713.86
  • dydx-chaindYdX (DYDX) $ 0.515392
  • movementMovement (MOVE) $ 0.147555
  • compound-governance-tokenCompound (COMP) $ 40.44
  • neoNEO (NEO) $ 5.39
  • mog-coinMog Coin (MOG) $ 0.00000097
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.997016
  • elrond-erd-2MultiversX (EGLD) $ 13.25
  • conflux-tokenConflux (CFX) $ 0.072301
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,552.90
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 107,911.00
  • ecasheCash (XEC) $ 0.000018
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999963
  • aioz-networkAIOZ Network (AIOZ) $ 0.303108
  • deepDeepBook (DEEP) $ 0.143564
  • eosEOS (EOS) $ 0.499094
  • build-onBUILDon (B) $ 0.357334
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,814.76
  • ether-fiEther.fi (ETHFI) $ 0.934397
  • kaitoKAITO (KAITO) $ 1.45

Ethereum Withdrawals Plunge to 7-Month Low—Will Prices Tumble Below $2,000?

0 31

Ethereum Withdrawals Plunge to 7-Month Low—Will Prices Tumble Below $2,000?

Ethereum’s inability to establish a strong foothold above $2,000 continues to dampen investor sentiment, causing many traders to keep their assets liquid in case of a potential selloff.

This cautious stance is reflected in ETH withdrawals from exchanges, which have plunged to a seven-month low.

ETH Exchange Activity Signals Growing Bearish Sentiment

An assessment of Ethereum’s exchange transaction dominance shows a significant decline in ETH withdrawals since late January. According to Glassnode, ETH’s exchange withdrawal transactions totaled 59,755 coins on Tuesday, marking its lowest single-day count since August 31.

Ethereum Withdrawals Plunge to 7-Month Low—Will Prices Tumble Below $2,000?

Ethereum Exchange Transaction Dominance. Source: Glassnode

When ETH withdrawals from exchanges drop, it means fewer investors are moving their holdings to private wallets or cold storage. This suggests they are not planning to hold the coin long-term. Instead, they are keen on keeping their ETH coins on exchanges; a trend that signals a readiness to sell.

At the same time, ETH deposits have climbed, confirming the increasing selling pressure in the market. According to Glassnode, the number of ETH coins sent to exchanges has surged by 10% since the beginning of March.

Ethereum Withdrawals Plunge to 7-Month Low—Will Prices Tumble Below $2,000?

Ethereum Exchange Transaction Dominance. Source: Glassnode

When an asset’s exchange deposits spike like this, more investors are moving their holdings onto exchanges, often in preparation to sell. As bearish sentiment grows weaker, these coins are sold for profit, putting more downward pressure on ETH’s price.

Will ETH’s Uptrend Hold? Bulls Face Resistance at $2,148

At press time, ETH is trading at $2,073, marking a 3% gain over the past week as part of the broader market recovery.

On the daily chart, the leading altcoin follows an ascending trendline, signaling sustained price growth. If bullish momentum intensifies and exchange withdrawals increase while deposits slow, ETH could maintain this trend and reclaim the $2,148 level.

Ethereum Withdrawals Plunge to 7-Month Low—Will Prices Tumble Below $2,000?

ETH Price Analysis. Source: TradingView

However, if exchange activity remains unchanged and selling pressure rises, ETH risks breaking below the ascending trendline, potentially falling to $1,759.

Source

Leave A Reply

Your email address will not be published.