$ETH As of February 20, 2025, Ethereum (ETH) is trading at approximately $2,744.72 USD.

Recent data indicates that Ethereum's exchange reserves have fallen to a nine-year low of 8.2 million ETH, suggesting reduced sell pressure and increased accumulation. Additionally, transaction fees on the Ethereum network have reached their lowest point in four years, reflecting a decline in direct transaction demand.

In regulatory developments, 21Shares has sought approval from the U.S. Securities and Exchange Commission (SEC) to allow its Ethereum ETF to participate in staking activities, potentially enabling the fund to generate additional yields from its ETH holdings.

Technical analysis suggests that if Ethereum's price breaks below its current support levels, it could potentially decline to $1,250. Conversely, the significant reduction in exchange reserves may indicate a potential supply shock, which could lead to upward price