Ethereum's spot trading volume has cooled as its price hovers around the $1,805 resistance level following a brief breakout attempt. This reduction in spot volume indicates a potential shift in market dynamics, with smaller clusters noted in the volume bubble map suggesting reduced speculative activity. Such developments historically align with stabilization phases rather than increased volatility. Although these signs do not confirm a market bottom, they could alleviate intense price fluctuations. This trend follows a corrective phase, fostering a temporary balance between buyers and sellers.
Recent on-chain data reveals modest gains in user engagement, with Daily Active Addresses rising to 431.2K and a significant 13.40% increase in new addresses over the last week. The uptick in Zero Balance Addresses by 25.17% indicates a spike in wallet creation and user interaction, hinting at cautious re-engagement with the network despite the sluggish price action.
As of now, Ethereum's price sits at $1,804.27, reflecting a 0.86% decline over the last 24 hours. This price level coincides with the 0.236 Fibonacci retracement, establishing a key resistance barrier. Although the price is above the neutral line with an RSI of 53.80, bullish momentum remains elusive. A definitive push past $1,805 could confirm a bullish trend, yet active selling at this level persists.
The supply of ETH on exchanges has decreased significantly, currently at 8.05 million ETH, indicating ongoing accumulation and lower selling intent—often viewed as a positive long-term signal. Outflows have remained consistent in 2025, suggesting that holders are committed despite looming price challenges. While the current price actions remain capped, the reduced supply on exchanges mitigates risks of sudden drops.
The Binance ETH/USDT heatmap reveals a critical liquidation zone between $1,775 and $1,830. As Ethereum approaches the lower edge of this range, further liquidations may be imminent unless bulls manage to hold above $1,830, which could lead to cascading short liquidations. This overall market dynamic, characterized by decreasing spot volume alongside steady address activity, suggests a tentative stabilizing environment.
Despite indicators pointing towards lower selling pressure and growing confidence among long-term holders, Ethereum grapples with solid resistance at $1,805. Sustained demand will be vital for a shift in this environment and confirming a potential bullish reversal.
Recent on-chain data reveals modest gains in user engagement, with Daily Active Addresses rising to 431.2K and a significant 13.40% increase in new addresses over the last week. The uptick in Zero Balance Addresses by 25.17% indicates a spike in wallet creation and user interaction, hinting at cautious re-engagement with the network despite the sluggish price action.
As of now, Ethereum's price sits at $1,804.27, reflecting a 0.86% decline over the last 24 hours. This price level coincides with the 0.236 Fibonacci retracement, establishing a key resistance barrier. Although the price is above the neutral line with an RSI of 53.80, bullish momentum remains elusive. A definitive push past $1,805 could confirm a bullish trend, yet active selling at this level persists.
The supply of ETH on exchanges has decreased significantly, currently at 8.05 million ETH, indicating ongoing accumulation and lower selling intent—often viewed as a positive long-term signal. Outflows have remained consistent in 2025, suggesting that holders are committed despite looming price challenges. While the current price actions remain capped, the reduced supply on exchanges mitigates risks of sudden drops.
The Binance ETH/USDT heatmap reveals a critical liquidation zone between $1,775 and $1,830. As Ethereum approaches the lower edge of this range, further liquidations may be imminent unless bulls manage to hold above $1,830, which could lead to cascading short liquidations. This overall market dynamic, characterized by decreasing spot volume alongside steady address activity, suggests a tentative stabilizing environment.
Despite indicators pointing towards lower selling pressure and growing confidence among long-term holders, Ethereum grapples with solid resistance at $1,805. Sustained demand will be vital for a shift in this environment and confirming a potential bullish reversal.
