Ethereum Struggles: 74% of ETH Supply in Loss—Can It Recover?
With 74% of ETH supply in loss and strong resistance around $2,200–$2,580, Ethereum faces an uphill battle toward recovery.
Limited support zones and continued realized losses highlight weak short-term confidence—ETH needs major buying volume to break out.
Following the Bloomberg strategist’s prediction of a potential $1,000 ETH scenario, as reported in a recent CNF update , new on-chain data reveals that approximately 74% of Ethereum’s circulating supply—about 106.75 million ETH—is currently held at a loss. This paints a challenging picture for Ethereum’s short-term price recovery.
According to The Currency Analytics, nearly 45% of ETH’s supply—roughly 66.29 million ETH—was acquired between $2,194 and $2,571, creating a massive resistance zone.
Analysts also suggest that Ethereum is likely to remain range-bound unless substantial buying volume emerges to push the price higher.
Ethereum is likely to remain range-bound, facing significant sell-side pressure and limited buyer conviction. A breakout is still possible, but it will require an influx of buying volume to overcome the current resistance.
These price levels are held by around 12.28 million wallets, further reinforcing sell-side pressure as ETH approaches these thresholds, making it difficult for the asset to gain upward momentum.
On the downside, Ethereum’s support base appears weak . Only about 2.83 million ETH—representing just 1.96% of the total supply—was bought in the $1,786 to $1,791 range.
This limited support zone suggests that, without renewed demand, ETH could be vulnerable to deeper declines.
Adding to the complexity, over 700,000 ETH were withdrawn from exchanges during February and March 2025. This may reflect investors’ reluctance to sell at current prices, possibly signaling a holding pattern or anticipation of future gains.
Network Realized Profit/Loss metrics point to continued bearish sentiment. Ethereum saw significant realized losses of $922.48 million on February 3 and $788.36 million on March 7, indicating a wave of capitulation among short-term investors.
For Ethereum to stage a meaningful recovery, it must break through the resistance zone between $2,200 and $2,580. This would require a shift in sentiment and sustained buying pressure.
Until then, the ETH’s upside remains limited, with the price likely to continue consolidating, according to TradingView data.
In line with CNF’s recent report on Ethereum’s struggle, some analysts are encouraging smart money to consider lower-cap altcoins with explosive potential.
At the time of writing, Ethereum (ETH) is trading at $1,881.13, up 4.51% in the last 24 hours, but down 8.59% over the past week, according to Coin Market Cap data. See ETH price chart below.
GoMining debuts institutional division, launches $100m Bitcoin yield fund
GoMining has launched a new division, GoMining Institutional, with a new $100 million Alpha Blocks Fund to offer structured exposure to Bitcoin mining for professional investors.
According to an April 1 announcement shared with crypto.news, the GoMining Alpha Blocks Fund will be the flagship product under the new division. The fund is fully managed and designed to provide institutional investors with exposure to mining -backed yield.
GoMining, which has delivered over 4,000 Bitcoin ( BTC ) in rewards to its more than 3 million users, says the new division will simplify access to mining infrastructure for investors seeking yield without the operational overhead.
“With Bitcoin mining now an integral part of the digital asset investment landscape, institutional investors require structured, secure, and scalable ways to access mining-backed yield,” said Fakhul Miah, managing director of GoMining Institutional.
The fund targets $100 million in capital and offers two investment strategies: a core strategy focused on stable Bitcoin rewards and reinvestment, and an advanced approach incorporating token utility and staking for additional upside.
Annual distributions will be made in either Bitcoin or U.S. dollars. Custody for the fund’s assets will be provided by BitGo, a regulated custodian serving institutional clients. The fund is structured as a closed-ended limited partnership domiciled in Delaware and the Cayman Islands, and managed by GoMining IM BVI Ltd.
“The Alpha Blocks Fund is designed to provide institutions with an investment structure that combines Bitcoin’s unique value proposition with the stability and transparency expected from traditional financial markets,” said Jeremy Dreier, GoMining’s chief business development officer.
GoMining Institutional plans to expand its product offerings later in 2025, with a tokenized fixed-yield fund aimed at DeFi integration, and tokenized debt products collateralized by Bitcoin or stablecoins such as Tether ( USDT ) and Circle’s USD Coin ( USDC ).
GoMining’s push into institutional offerings marks a unique shift in how traditional capital can participate in the mining side of the digital asset ecosystem.
Markets Gain On Euro Data, Eyes on Trump’s Speech
While European markets are experiencing a technical rise, attention turns to Washington. Supported by encouraging economic indicators, the main stock indices of the Old Continent closed in the green this Tuesday. However, this improvement remains fragile. Investors are holding their breath ahead of potentially decisive announcements from Donald Trump, who could reignite the U.S. trade offensive. The prospect of new tariff barriers rekindles tensions and threatens to reshuffle the cards of the global economic balance.
The European stock exchanges ended significantly up this Tuesday, driven by economic data deemed encouraging in the eurozone.
The CAC 40 climbed by 1.15 % to 7880.1 points, the German DAX gained 1.67 %, and the British FTSE rose 0.61 %. This increase is primarily explained by a deceleration of inflation in the eurozone in March, which fuels hopes for a more accommodative monetary policy from the ECB.
Inflation is slowing down, paving the way for a more flexible ECB, while the EuroStoxx 50 index also recorded a gain of 1.49 %. This context has rekindled appetite for risky assets, which has influenced bond markets.
Among the key elements that supported the markets this Tuesday, there are:
The day’s rise is therefore not a reflection of genuine enthusiasm, but rather a tactical positioning in the face of a European central bank likely to ease its policy, as the U.S. economy shows signs of critical slowing.
The relative optimism observed in the markets hides a deeper concern related to American trade policy. President Donald Trump is set to speak this Wednesday . He is expected to impose a 20 % increase in tariffs on nearly all American imports.
This measure would mark a significant escalation in his nationalist economic agenda. “Trump is implementing his program strongly, without worrying about disruptions in financial markets,” summarizes Alexandre Hezez, a strategist at Banque Richelieu. He adds that “his back-and-forths reduce the confidence of economic players and force central banks to adjust their strategy.”
The American economic situation exacerbates these tensions. The ISM manufacturing index, published on Tuesday, fell into contraction territory, illustrating a deterioration of industrial activity.
At the same time, companies are reporting a surge in input prices, which have reached a peak since June 2022, a situation that could be amplified by a more aggressive tariff policy.
Trump, facing a slim majority in the House of Representatives, seeks to “massively cut spending” and to “demonstrate the positive effects of his policy for American households,” even at the risk of “creating a significant short-term deterioration,” according to Alexandre Hezez.
This stated positioning could place the Fed in a delicate situation and affect global economic stability in the long run.
If the announced measures are realized, the repercussions could be multiple. In terms of trade, they risk provoking retaliation, exacerbating tensions with China or the European Union, and fueling imported inflation. On the market level, they could further erode confidence and push investors towards safe-haven assets like gold, sovereign bonds… or cryptos.
CryptoQuant Analyst Says Bitcoin Likely Consolidating Before Next Leg Up
Bitcoin (BTC) remains in a consolidation phase after hitting its all-time high near $109,000 several months ago. Despite recent price corrections, some on-chain market indicators suggest a structural supply shortage could be developing, potentially creating conditions for another bullish price move in the coming days or weeks.
Major crypto market analysts point to decreasing Bitcoin inflows onto exchanges as a key factor. They also highlight critical support levels that, if held, could potentially push the leading digital asset back above $90,000 soon.
CryptoQuant verified author Axel Adler reports average Bitcoin selling pressure across top exchanges declined significantly recently. He noted daily inflows dropped sharply from a peak of 81,000 BTC down to just 29,000 BTC per day over a measured period.
This sharp drop in the amount of Bitcoin moving onto exchanges indicates fewer investors are transferring BTC to platforms where it could be readily sold. This trend likely reduces overall immediate selling pressure on the market.
Adler describes this market state as potentially entering a “zone of asymmetric demand.” His view suggests most willing sellers largely exited near recent price highs, while current buyers appear comfortable holding or accumulating within the present consolidation range.
However, Adler also noted that the April-May timeframe could remain a period of consolidation before Bitcoin experiences its next major price impulse.
Adler shared a chart illustrating that significant exchange inflows historically coincided with sharp price drops for Bitcoin in previous cycles. Conversely, decreasing inflows often suggest periods of price stabilization or potential recovery phases developing.
As of late March 2025, Bitcoin’s price fluctuated mainly within the $80,000–$85,000 range. The 7-day moving average (SMA) of exchange inflows continues trending downward, supporting the idea that immediate selling pressure is currently fading.
Related: Bitcoin and Ethereum ETFs Display Contrasting Trends in Capital Flows
Analyst Ali Martinez previously noted that below the $80,000 price level, Bitcoin faces an “air gap.” In his technical view, this means minimal established support exists until the $70,000 area.
He also highlighted critical support levels for BTC based on specific pricing band indicators shown on his charts. These include levels near $76,180, $58,080, $43,740, and $39,980.
What is Bitcoin’s Current Price Action?
At the time of writing (early April 1), BTC trades near $83,410. This represents an approximate 2% gain over the past 24 hours, following a bounce from recent lows near $81,300 shortly after Strategy Inc.’s purchase announcement.
At the time of writing (early April 1), BTC trades near $83,410. This represents an approximate 2% gain over the past 24 hours, following a bounce from recent lows near $81,300 shortly after Strategy Inc.’s purchase announcement.
Related: Bitcoin $100k FOMO Returns: Santiment Warns It Could Be a Bull Trap
However, the price has so far failed to reclaim the 20-day Exponential Moving Average (EMA), currently situated near $84,824. This moving average now acts as immediate overhead resistance. If Bitcoin fails to break this resistance level soon, it may face renewed downward pressure toward the key support levels identified previously.
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