Ethereum’s Recovery Stalls as On-Chain Demand Weakens
The post Ethereum’s Recovery Stalls as On-Chain Demand Weakens appeared on BitcoinEthereumNews.com. Ethereum is trading near $1,740 at the time of writing after stabilizing above a key support area, but the daily chart still shows a market trapped below its main moving averages. The current setup is not a clean bullish reversal yet; it is a consolidation phase where ETH has stopped falling, while on-chain activity has not shown enough strength to confirm a stronger recovery. Summary ETH is holding above the $1,700–$1,750 support area. The 50-day SMA near $1,787 remains the first major recovery test. Binance’s Ethereum reserve is moving sideways near 3.86M ETH. Lower velocity and falling volatility point to a wait-and-see market. The Chart Shows Stabilization, Not Strength Yet Ethereum’s latest move on the TradingView daily chart looks like a pause after a steep decline, not a confirmed trend reversal. The price has stopped making aggressive lower lows and is holding above the lower par