<ul><li>Ether (ETH) price surged 14.2% after rebounding from the $2,000 support level on March 4 but has struggled to sustain levels $2,200.</li><li>Investor uncertainty and weaker sentiment have contributed to ETH underperforming the broader cryptocurrency market by 11% over the past two weeks.</li><li>Factors such as declining onchain activity, lower total value locked (TVL), net positive ETH issuance rate, and speculation about a potential US strategic digital asset reserve have impacted demand.</li><li>Ethereum's onchain metrics show a decline in activity on decentralized exchanges, a decrease in TVL, and lower deposit volumes for Uniswap and other platforms.</li></ul>

Ethereum (ETH) price pinned below $2.2K — Here’s why

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