Ethereum declined 3.5% to around $2,047 as geopolitical tensions triggered a broader selloff across crypto and global markets.
Despite the price weakness, on-chain data shows strong fundamentals, with daily active addresses نزدیک 788,000 and around 255,000 new addresses being added each day.
“Less ETH on exchanges = less immediate sell pressure. Holders are pulling it off and keeping it. At $2K ETH, people aren’t selling. They’re accumulating,”
Said analyst Leon Waidmann.
Ethereum’s decentralised exchange market share has also risen from 33% in January to 42% in March, driven largely by activity on Layer 2 networks.
At the same time, ETH held on centralised exchanges has dropped to about 11%, down significantly from 32% in 2020, reinforcing signs of long-term holder confidence.
The trend of declining exchange balances has accelerated in early 2026, suggesting reduced immediate selling pressure in the market.
However, near-term price direction remains tied to macro conditions, including geopolitical developments and broader risk sentiment across global markets.
At the time of reporting, Ethereum price was $2,051.54.