The ethereum price is still trying to recover a $ 1,900 mark as a weak Defi Matrix and increased the price of increase in competition.
According to Defilama, due to lack of liquidity and investor participation, the total value of the network declined from $ 63 billion in January to $ 44 billion in February, dataThe StableCoin flow has slowed down, indicating a slow capital rotation in the atherium (Eth) protocol.
Data also shows that decentralized exchange trading volumes are below, from $ 92 billion in December to $ 82 billion in February. Peritual futures trading volumes have been registered as other chains such as hyperlicid (hyp) and solana (Sol), faced futures trading at the atherium, falling from $ 31 billion to $ 18 billion in February to $ 18 billion.
The revenue of the Etharium has taken a big hit, falling from $ 193 million in December to just $ 26 million in February. There has been a sharp decline due to a decline in transactions fees and low network activity.
Also, according to Sosaro dataSpot Ether ETF has experienced a return to four weeks in a line, which is $ 176 million compared to the previous month. This trend suggests that institutional demand for atherium has decreased.
Ethereum is currently trading at $ 1,876 at $ 1,876, which is struggling to maintain a significant support level of $ 1,875. ETH continuously trading below its 50-day moving average of $ 2,282.50, showing a clear below trend, which strengthens the recession speed.
Bollinger bands show high volatility. Ethereum is embracing the band below, suggesting oversold situations. At 34.51, the relative power index is near the oversold threshold of 30, which shows poor procurement pressure, but there should be a demand for an increase in the possibility of relief rally.
Low trading volume indicates poor market participation. If it breaks below $ 1,875, Eth can move towards $ 1,800; Whereas a reversed will withstand resistance to $ 2,282. The atherium must recover its 50-day moving average to see a rapid change, but the price movement is still under pressure.
An important development to keep an eye on Ether ETF is a push to include stacking. CBOE BZX has filed a request for American regulators to allow the stake of the Ether ETF of Fidelity in February in February. If approved, investors can earn approximately 3.3% in staking rewards, which can attract more institutional interest.
