Ethereum onchain data suggests $2K ETH price is out of reach for now

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This brings month-to-date outflows out of Ether ETPs to $265 million, in what CoinShares’s head of research, James Butterfill, described as the “worst on record.” He noted:“This also marks the 17th straight day of outflows, the longest negative streak since our records began in 2015.”Weak onchain activity hurts ETH priceTo understand the key drivers behind Ether’s weakness, it is essential to analyze Ethereum’s onchain metrics.

Source: Cointelegraph/TradingViewEther price remains pinned below $2,000 for several reasons, including declining Ethereum’s weak network activity and decreasing TVL, negative spot Ethereum ETF flows, and weak technicals.

US-based spot Ether ETFs have recorded a streak of outflows for the last seven days, totaling $265.4 million, as per data from SoSoValue.Ether ETF flow chart.

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Article Details

Author / Journalist: Cointelegraph by Nancy Lubale

Category: Crypto

Markets: United StatesMali

Topics: Price Chart Outflows Investment Activity Ether’s Network Last Ether Days Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 14:15:00 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 591 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27086201

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