#ETHMarketWatch
Ethereum is showing deeper structural strength beneath the surface.
Smart money wallets are gradually increasing exposure, while ETH supply on centralized exchanges has dropped to multi-year lows reducing immediate sell pressure.
Staking participation continues to climb, locking up more circulating supply and reinforcing long term conviction.
On the network side, Layer 2 ecosystems like Arbitrum and Optimism are capturing growing transaction share, keeping Ethereum dominant despite lower mainnet fees.
Derivatives data shows funding rates near neutral, suggesting leverage is reset and downside risk is limited. Technically, ETH remains range bound but well above major moving averages, indicating consolidation rather than weakness.
A volatility expansion looks increasingly likely as buyers and sellers prepare for the next trend.
