Ethereum worstelt om $3.000 te heroveren terwijl exchange-voorraad 6-maandse low bereikt 📉

Ethereum (ETH) is finding it challenging to reclaim momentum after dropping below the $3,000 threshold since February 2, having plummeted over 20% in the last 30 days. This situation highlights market weakness and uncertainty regarding Ethereum's subsequent moves.

Technical indicators like the DMI show a lack of a clear trend with decreasing bullish and bearish pressures. Meanwhile, ETH stock on exchanges has dwindled to its lowest in six months, suggesting potential accumulation and decreased selling pressure.

The ADX decline to 27.5 indicates a weakening trend, reflecting indecisive market conditions. The diminished buying and selling pressure leaves Ethereum without a clear direction.

The drop in ETH exchange balances to 9.63 million implies a significant shift in investor behavior. When exchange balances fall, it often signifies investor confidence in holding ETH, setting a stage for potential price movement.

Bearish moving averages suggest a lack of confirmed upward momentum. However, if buying pressure rises, Ethereum might test $2,798, with further gains potentially leading to the $3,024-$3,442 range.

If unable to establish an upward trend, Ethereum risks retesting $2,524 support, with heightened selling pressure potentially causing a downward continuation towards $2,163.