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TronWeekly

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Ethereum Faces Uncertainty as Supply Shrinks and Futures Interest Surges

  • Availability of Ethereum on exchanges has reached its lowest level since 2015, with only 8.97M ETH remaining, a 16.4% drop in seven weeks.
  • Open interest in Ethereum futures has reached a record high of 10.23M ETH, but the price has dropped 28% since February 21, indicating market uncertainty.
  • U.S.-based Ether ETFs have seen $307M in outflows over two weeks, highlighting weak institutional demand.
  • The current weakness in Ethereum is seen as part of a historical pattern and not a trend reversal, with a potential for a major rally in the future.

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