Ethereum onchain data suggests $2K ETH price is out of reach for now

Ether’s (ETH) price has been consolidating within a roughly $130 range over the last seven days as $2,000 remains strong overhead resistance.

Data from Cointelegraph Markets Pro and Bitstamp shows that ETH price oscillates within a tight range between $1,810 and $1,960.

ETH/USD daily chart. Source: Cointelegraph/TradingView

Ether price remains pinned below $2,000 for several reasons, including declining Ethereum’s weak network activity and decreasing TVL, negative spot Ethereum ETF flows, and weak technicals.

Negative spot Ethereum ETF outflows

The underperformance in Ether’s price can be attributed to investors’ risk-off behavior, which is visible across the spot Ethereum exchange-traded funds (ETFs). ETH outflows from these investment products have persisted for more than two weeks.

US-based spot Ether ETFs have recorded a streak of outflows for the last seven days, totaling $265.4 million, as per data from SoSoValue.

Ether

Read More at https://cointelegraph.com/news/ethereum-onchain-data-2k-eth-price-out-of-reach?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742245286491&utm_campaign=rss_partner_inbound

Ethereum onchain data suggests $2K ETH price is out of reach for now

Ether’s (ETH) price has been consolidating within a roughly $130 range over the last seven days as $2,000 remains strong overhead resistance.

Data from Cointelegraph Markets Pro and Bitstamp shows that ETH price oscillates within a tight range between $1,810 and $1,960.

ETH/USD daily chart. Source: Cointelegraph/TradingView

Ether price remains pinned below $2,000 for several reasons, including declining Ethereum’s weak network activity and decreasing TVL, negative spot Ethereum ETF flows, and weak technicals.

Negative spot Ethereum ETF outflows

The underperformance in Ether’s price can be attributed to investors’ risk-off behavior, which is visible across the spot Ethereum exchange-traded funds (ETFs). ETH outflows from these investment products have persisted for more than two weeks.

US-based spot Ether ETFs have recorded a streak of outflows for the last seven days, totaling $265.4 million, as per data from SoSoValue.

Ether

Read More at https://cointelegraph.com/news/ethereum-onchain-data-2k-eth-price-out-of-reach?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ethereum onchain data suggests $2K ETH price is out of reach for now

Ether’s (ETH) price has been consolidating within a roughly $130 range over the last seven days as $2,000 remains strong overhead resistance.

Data from Cointelegraph Markets Pro and Bitstamp shows that ETH price oscillates within a tight range between $1,810 and $1,960.

ETH/USD daily chart. Source: Cointelegraph/TradingView

Ether price remains pinned below $2,000 for several reasons, including declining Ethereum’s weak network activity and decreasing TVL, negative spot Ethereum ETF flows, and weak technicals.

Negative spot Ethereum ETF outflows

The underperformance in Ether’s price can be attributed to investors’ risk-off behavior, which is visible across the spot Ethereum exchange-traded funds (ETFs). ETH outflows from these investment products have persisted for more than two weeks.

US-based spot Ether ETFs have recorded a streak of outflows for the last seven days, totaling $265.4 million, as per data from SoSoValue.

Ether

Read More at https://cointelegraph.com/news/ethereum-onchain-data-2k-eth-price-out-of-reach?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742223653011&utm_campaign=rss_partner_inbound

Here’s what happened in crypto today

Today in crypto, French authorities have suspended judicial restrictions on Telegram founder Pavel Durov until April 7. South Korea’s central bank has confirmed it has not discussed or reviewed the possibility of a Bitcoin reserve. Meanwhile, Jameson Lopp says quantum computers should not be used to restore lost Bitcoin.

Pavel Durov legal restrictions suspended until April 7: Report

Media platform TASS reported that French authorities have suspended judicial control of Durov for three weeks. Citing sources in the French prosecutor’s office, media outlet TASS reported that the agency’s interlocutor said judicial control in relation to Durov was suspended from March 15 to April 7. 

Parallely, the Telegram founder posted an update on the messaging application, saying he was already back in Dubai after spending months in France. Durov said the process is still ongoing but added that it “feels great to be home.”

Pavel Durov shared a post on

Read More at https://cointelegraph.com/news/what-happened-in-crypto-today?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742245286491&utm_campaign=rss_partner_inbound

Here’s what happened in crypto today

Today in crypto, French authorities have suspended judicial restrictions on Telegram founder Pavel Durov until April 7. South Korea’s central bank has confirmed it has not discussed or reviewed the possibility of a Bitcoin reserve. Meanwhile, Jameson Lopp says quantum computers should not be used to restore lost Bitcoin.

Pavel Durov legal restrictions suspended until April 7: Report

Media platform TASS reported that French authorities have suspended judicial control of Durov for three weeks. Citing sources in the French prosecutor’s office, media outlet TASS reported that the agency’s interlocutor said judicial control in relation to Durov was suspended from March 15 to April 7. 

Parallely, the Telegram founder posted an update on the messaging application, saying he was already back in Dubai after spending months in France. Durov said the process is still ongoing but added that it “feels great to be home.”

Pavel Durov shared a post on

Read More at https://cointelegraph.com/news/what-happened-in-crypto-today?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742223653011&utm_campaign=rss_partner_inbound

Michael Saylor’s Strategy makes smallest Bitcoin purchase on record

Michael Saylor’s Strategy, the world’s largest public corporate Bitcoin holder, has announced its smallest Bitcoin purchase on record.

Strategy on March 17 officially announced its latest 130-Bitcoin (BTC) acquisition, bought for around $10.7 million in cash, or at an average price of roughly $82,981 per BTC.

The latest Bitcoin purchase was made using proceeds from the “STRK ATM,” a new Strategy program looking to raise up to $21 billion in fresh capital to acquire more BTC.

Strategy’s new 130-BTC buy is the smallest one ever recorded since the company announced its first purchase of 21,454 BTC for $250 million in August 2020.

Strategy is 774 BTC away from holding 500,000 BTC

With the new purchase, Strategy and its subsidiaries now hold 499,226 BTC, acquired at an aggregate purchase price

Read More at https://cointelegraph.com/news/michael-saylor-strategy-records-smallest-bitcoin-purchase?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742284683293&utm_campaign=rss_partner_inbound

Michael Saylor’s Strategy makes smallest Bitcoin purchase on record

Michael Saylor’s Strategy, the world’s largest public corporate Bitcoin holder, has announced its smallest Bitcoin purchase on record.

Strategy on March 17 officially announced its latest 130-Bitcoin (BTC) acquisition, bought for around $10.7 million in cash, or at an average price of roughly $82,981 per BTC.

The latest Bitcoin purchase was made using proceeds from the “STRK ATM,” a new Strategy program looking to raise up to $21 billion in fresh capital to acquire more BTC.

Strategy’s new 130-BTC buy is the smallest one ever recorded since the company announced its first purchase of 21,454 BTC for $250 million in August 2020.

Strategy is 774 BTC away from holding 500,000 BTC

With the new purchase, Strategy and its subsidiaries now hold 499,226 BTC, acquired at an aggregate purchase price

Read More at https://cointelegraph.com/news/michael-saylor-strategy-records-smallest-bitcoin-purchase?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742281287778&utm_campaign=rss_partner_inbound

Michael Saylor’s Strategy makes smallest Bitcoin purchase on record

Michael Saylor’s Strategy, the world’s largest public corporate Bitcoin holder, has announced its smallest Bitcoin purchase on record.

Strategy on March 17 officially announced its latest 130-Bitcoin (BTC) acquisition, bought for around $10.7 million in cash, or at an average price of roughly $82,981 per BTC.

The latest Bitcoin purchase was made using proceeds from the “STRK ATM,” a new Strategy program looking to raise up to $21 billion in fresh capital to acquire more BTC.

Strategy’s new 130-BTC buy is the smallest one ever recorded since the company announced its first purchase of 21,454 BTC for $250 million in August 2020.

Strategy is 774 BTC away from holding 500,000 BTC

With the new purchase, Strategy and its subsidiaries now hold 499,226 BTC, acquired at an aggregate purchase price

Read More at https://cointelegraph.com/news/michael-saylor-strategy-records-smallest-bitcoin-purchase?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742277644138&utm_campaign=rss_partner_inbound

Michael Saylor’s Strategy makes smallest Bitcoin purchase on record

Michael Saylor’s Strategy, the world’s largest public corporate Bitcoin holder, has announced its smallest Bitcoin purchase on record.

Strategy on March 17 officially announced its latest 130-Bitcoin (BTC) acquisition, bought for around $10.7 million in cash, or at an average price of roughly $82,981 per BTC.

The latest Bitcoin purchase was made using proceeds from the “STRK ATM,” a new Strategy program looking to raise up to $21 billion in fresh capital to acquire more BTC.

Strategy’s new 130-BTC buy is the smallest one ever recorded since the company announced its first purchase of 21,454 BTC for $250 million in August 2020.

Strategy is 774 BTC away from holding 500,000 BTC

With the new purchase, Strategy and its subsidiaries now hold 499,226 BTC, acquired at an aggregate purchase price

Read More at https://cointelegraph.com/news/michael-saylor-strategy-records-smallest-bitcoin-purchase?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742248965663&utm_campaign=rss_partner_inbound

Michael Saylor’s Strategy makes smallest Bitcoin purchase on record

Michael Saylor’s Strategy, the world’s largest public corporate Bitcoin holder, has announced its smallest Bitcoin purchase on record.

Strategy on March 17 officially announced its latest 130-Bitcoin (BTC) acquisition, bought for around $10.7 million in cash, or at an average price of roughly $82,981 per BTC.

The latest Bitcoin purchase was made using proceeds from the “STRK ATM,” a new Strategy program looking to raise up to $21 billion in fresh capital to acquire more BTC.

Strategy’s new 130-BTC buy is the smallest one ever recorded since the company announced its first purchase of 21,454 BTC for $250 million in August 2020.

Strategy is 774 BTC away from holding 500,000 BTC

With the new purchase, Strategy and its subsidiaries now hold 499,226 BTC, acquired at an aggregate purchase price

Read More at https://cointelegraph.com/news/michael-saylor-strategy-records-smallest-bitcoin-purchase?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742245286491&utm_campaign=rss_partner_inbound