Tag: ETH
The supply of Ethereum (ETH) has surpassed its peak from the last two years
Ethereum’s circulating supply has risen sharply over the past week, reaching levels not seen since February 2023. On-chain data shows that 12,353 ETH, valued at over $39 million, has entered the market in the last seven days. This increase, however, coincides with a decline in network demand, which has negatively impacted ETH’s overall performance. Impact
The price of Ethereum (ETH) is testing the support level of $3,000
Ethereum (ETH) price continues to approach the $3,000 threshold. The recent death cross on ETH’s EMA lines indicates an increasing bearish trend as sellers take control. According to a report by Beincrypto, if significant support levels are breached, ETH could test $2,927 or drop to $2,358, which has been its lowest point since November 2024.