Only 8.7% of ETH supply remains on exchanges, while over 28 million ETH is locked in staking and long-term storage. With a staking inflow of over 40,000 ETH per day, bidding pressure is becoming increasingly tight. ETH is currently trading around $3,050 and maintains strong support at $3,100, with potential targets being at $3,700-$3,800 if it is able to break the $3,300-$3,400 zone.
ETH
3,110.18
-3.90%
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