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Ethereum’s Recovery Stalls as On-Chain Demand Weakens
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Ethereum’s Recovery Stalls as On-Chain Demand Weakens
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-…
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