Ethereum consolidates at $2,474: exchange supply shrinks, $3,000 in sight
- —ETH at $2,474, 5.6% below the rally peak of $2,660
- —ETH exchange balance fell to 14.7 million from more than 20 million previously
- —43 million ETH is staked — about 35% of total supply
- —A triangle breakout targets $3,000, while a support loss targets $2,380-$2,400
Why it matters: The shrinking liquid supply of ETH strengthens the bullish structure, but without rising volumes and open interest a breakout to $3,000 remains in question.
Source: Cryptonews.net