Ethereum Struggles Amid Broader Variability
Ethereum continues to face significant resistance, with 53% of addresses operating at a loss; altcoins have underperformed compared to the broader cryptocurrency market, dropping 13.5% last week while the market fell 11%.
ETH ETF report indicates a net outflow of $21.5 million due to consecutive withdrawals over two weeks as of March 11; co-founder Joseph Lubin remains optimistic, suggesting that the recent market adjustment is necessary.
Foreign exchange reserves at multi-year lows indicate that selling pressure is easing -- a potential constructive development for price stability.
