Ethereum's On-Chain Signals Shift as Selling Pressure Eases
- Supply Tightening: Ethereum is exiting exchanges at the fastest pace of the current cycle, with approximately 745,000 ETH waiting to enter staking compared to around 360,000 ETH queued for exit, indicating increased staking participation and long-term holding behavior, which gradually tightens Ethereum's liquid supply.
- Easing Selling Pressure: The 90-day Spot Taker CVD indicator shows a shift from seller dominance to neutral and mild buying pressure after a prolonged period of aggressive selling, suggesting that sell-side dominance is weakening, which could lead to a consolidation phase rather than further declines.
- Growing Network Activity: Despite price weakness, Ethereum's network usage reached a record high of about 8.7 million deployed smart contracts in Q4 2025, with on-chain real-world asset value expanding to around $19 billion, indicating demand rooted in actual network activity rather than mere speculation.
- Negative ETF Flows: While on-chain signals are improving, Ethereum's ETF flows remain negative on both daily and weekly timeframes, indicating that demand driven by financial products continues to act as a headwind, offsetting some of the constructive developments in the on-chain metrics.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 733.68 | 1240.74 | 1700.52 | 2207.58 | 2667.36 | 3174.42 | 3634.2 |
| Fibonacci | 1240.74 | 1610.073 | 1838.247 | 2207.58 | 2576.913 | 2805.087 | 3174.42 |
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