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<p>ETH price action has been in no man’s land this past week, during which it moved below and above the $2,000 price level multiple times. </p> 
<p>The cryptocurrency managed to close the week slightly in the green, but weak demand highlights uncertainty as price struggled to escape from the noteworthy price tag.</p> 
<p>The past week was the second week that ETH price managed to avoid more downside. </p> 
<p>It has previously experienced significant distribution since December. ETH managed to achieve a 7.54% upside during the week, although it revealed a lot about the state of demand.</p> 
<p>ETH had a shaky week of gaining and losing the $2,000 price level. Interestingly, it dipped below the same level in the second half of the week in what turned out to be a weak leverage shake-down.</p> 
<div class="wp-block-image"> 
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  <img loading="lazy" decoding="async" width="1013" height="623" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-841.png" alt="" class="wp-image-1090409" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-841.png 1013w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-841-300x185.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-841-768x472.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-841-150x92.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-841-696x428.png 696w" sizes="auto, (max-width: 1013px) 100vw, 1013px">
  <figcaption class="wp-element-caption">
   ETH price action/ source: TradingView
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<p>ETH’s failure to gain enough vertical to push away from the $2,000 price level is an indication of weak demand.</p> 
<h2 class="wp-block-heading" id="h-exchange-flows-signal-weak-demand-and-uncertainty-around-eth-price"><strong>Exchange Flows Signal Weak Demand and Uncertainty Around ETH Price</strong></h2> 
<p>The weak demand observed in ETH price action is also a reflection of its declining exchange flows. </p> 
<p>For context, ETH exchange flows were down to their lowest level so far this year at the time of observation.</p> 
<p>The last time ETH exchange flows were that low was in the first week of November last year. </p> 
<p>In addition, exchange inflows and outflows were almost evenly matched in the last 24 hours.</p> 
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  <img loading="lazy" decoding="async" width="1024" height="465" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-842-1024x465.png" alt="" class="wp-image-1090414" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-842-1024x465.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-842-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-842-768x349.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-842-150x68.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-842-696x316.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-842.png 1040w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ETH exchange flows/ source: CryptoQuant
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<p>The exchange inflows hovered at around 185,357 ETH at the time of writing, while exchange inflows amounted to 185,439 ETH. This further underscores the uncertainty about ETH’s next move.</p> 
<h2 class="wp-block-heading" id="h-low-whale-activity-and-etf-outflows"><strong>Low Whale Activity and ETF Outflows</strong></h2> 
<p>Perhaps one of the reasons for the uncertainty around ETH price action could be the fact that ETF outflows were negative during the week. In fact, they have maintained a negative streak every day since 5 March.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
  <img loading="lazy" decoding="async" width="586" height="572" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-844.png" alt="" class="wp-image-1090424" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-844.png 586w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-844-300x293.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-844-150x146.png 150w" sizes="auto, (max-width: 586px) 100vw, 586px">
  <figcaption class="wp-element-caption">
   ETH ETF flows/ source: Farside
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</div> 
<p>ETH flows have so far proved to have a significant impact on price action. This negative outcome may be suppressing ETH market sentiment, hence the subdued activity on exchanges.</p> 
<p>The negative ETF flows highlight declining investor interest and its fall out so far with the institutional class. A similar outcome was observed in the whale category.</p> 
<p>IntoTheBlock data revealed that whale activity declined considerably during the week. Large holder net flows dipped from 480,450 ETH on 18 March to -15,780 ETH as of 22 March.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="377" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-845-1024x377.png" alt="" class="wp-image-1090429" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-845-1024x377.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-845-300x110.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-845-768x282.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-845-150x55.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-845-696x256.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-845-1068x393.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-845.png 1077w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ETH large holder flows/ source: IntoTheBlock
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 </figure>
</div> 
<p>Can ETH recover from the dampened sentiment amid declining interest from whales and institutions? That remains to be seen, and could significantly depend on the narrative this week.</p> 
<p>The uncertainty is a reflection of the overall market conditions. It suggests that investors are still weary of the <a href="https://www.thecoinrepublic.com/2025/03/16/will-ethereum-price-dip-to-1250-if-it-drops-below-key-support-levels/">potential for further downside</a>.</p> 
<p>On the other hand, the fact that prices have been on an overall downtrend for the last 3 months, has allowed a big enough discount. </p> 
<p>This means discounted prices could be more attractive to potential buyers if market conditions improve.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2025/03/23/eth-price-oscillates-near-2000-after-an-underwhelming-week/">ETH Price Oscillates Near $2000 After An Underwhelming Week</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

ETH Price Oscillates Near $2000 After An Underwhelming Week

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