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Ethereum sits at a decisive support level as the demand for boxes on the stock exchange fades in Wall Street.
ethereum (EthThe second largest encryption, stagnation at 2100 dollars in the past few days. This price is less than 47 % less than the highest level in December and 45 % less than it was in the same period last year.
The data indicates that the Wall Street investors continued to empty assets. according to SocalAll ETHEREUM ETFS threw $ 120 million in last week after losing $ 335 million a week – $ 455 million in total.
The net flow in Ethereum ETFS is $ 2.7 billion, much lower than Bitcoin (BTC37 billion dollars.
One of the potential causes of weak flow trends is that Ethereum has decreased and weak in other cryptocurrencies since 2024.
Moreover, Ethereum ETFS does not allow roaming, as investors create a return by delegating their symbols to secure the network. Data by Stakingrewards It appears that Ethereum produces about 3.25 %. Ethereum currencies of more than $ 73 billion were sunk.
Ethereum also faced more challenges. The player is no longer the most profitable in the encryption industry, with a fee of 2025 at $ 202 million. This is less than other network fees, including JITO (United Nations), UPAP (Uni), You see (TX), And Solana (Teller).
Ethereum also faces great competition from the famous Blockchains Layer-1 such as Solana and BNB, and Layer-2S like the base and definition.
Technical analysis of Ethereum price
The daily graph shows that the ETH price has been in a strong declining direction in the past few months. It decreased from a height of $ 4,105 in November last year to $ 2,160.
The current Ethereum price is important because it is slightly higher than the decisive support level at $ 2000. It is also on an important level, as he failed to move below in August and September last year.
More importantly, this price is in the neckline for the triple graph style. Therefore, the loss of this support will indicate an increase in the declining momentum, with the next point to see the psychological level at $ 1500.
