The Ethereum course vacillates, but some fundamental signals suggest a bullish reversal. ETH's offer on crypto exchange platforms is indeed reaching an unprecedented level. According to crypto experts, it could change everything.
Ethereum's offer in sight: towards an inevitable bullish shock?
On March 20, the Santiment analysis platform revealed a key data: Ether's offer Available on Crypto Exchanges fell to 8.97 million ETH. This is the lowest level recorded since November 2015. Concretely, this represents a fall of 16.4 % compared to the end of January.
This massive movement reveals a long -term accumulation strategy on the part of crypto investors. These could bet on the resilience of Ethereum blockchain network.
Called “tender shock”, this phenomenon designates a situation where the scarcity of a digital asset creates upward pressure if the request is maintained. According to Santiment, Ethereum holders even remove their chips from crypto exchanges faster than ever. A similar configuration preceded a flight of the Bitcoin course in early 2024.
Despite a fall of 26 %, Ethereum still attracts large carriers
Over the last 30 days, Ethereum has lost 26 % of its value. This asset Crypto is now exchanging around $ 1,971. Worse still! According to data From Farside, the ETH ETH records 12 consecutive days of outings. This represents a total of $ 370.6 million. This trend reflects a temporary loss of confidence in certain institutional investors.
On the side of Crypto traders and whales, the tone is quite different. According to some analysts, buyers will soon compete, which will cause auction wars. Others go further by believing that the Ethereum value could reach between $ 8,000 and $ 10,000. This represents an increase of 64 % compared to its 2021 ATH.
However, not everyone shares this optimism. Daan Crypto Trades For example, stresses that ETH has been at its lowest against the BTC for five years. According to him, a return to the summits seems unlikely in the short term.
Between accumulation, potential supply shock and drop in liquidity, Ethereum may well surprise upwards. The market remains volatile. Therefore, prudence is essential for any crypto investor, especially in the face of the collapse of the on-chain activity which threatens Ethereum.
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