Market
ETH Price Stuck Below $3,000 as Exchange Balances Drop

Ethereum (ETH) price has struggled to regain momentum after losing the $3,000 threshold on February 2, remaining below that level ever since. Over the past 30 days, ETH has dropped more than 20%, reflecting ongoing market weakness and uncertainty about its next move.
Technical indicators like the DMI suggest a lack of a clear trend, with both bullish and bearish pressures weakening in recent days. Meanwhile, the supply of ETH on exchanges has fallen to its lowest level in six months, which could signal accumulation and reduced selling pressure, potentially setting the stage for a recovery attempt.
Ethereum DMI Shows the Lack of a Clear Trend
Ethereum’s DMI chart reveals a weakening trend, as the ADX has declined to 27.5 from 33.8 in the past day. The ADX, or Average Directional Index, is a key indicator used to measure trend strength. Readings above 25 typically signal a strong trend, while values below 20 indicate a weak or nonexistent trend.
The downward movement of the ADX suggests that Ethereum recent trend is losing momentum rather than gaining strength, which could indicate market indecision.

Looking at the directional indicators, +DI has dropped from 17.8 to 15.7, while -DI has also declined from 22.9 to 21.5. This suggests that both buying and selling pressure have weakened, leaving Ethereum without a clear directional bias.
With -DI still above +DI, bears maintain a slight edge, but the declining ADX indicates the trend is not gaining traction.
This setup points to a phase of consolidation or potential trend reversal rather than a continuation of strong bearish momentum. Until there is a clear divergence in the directional indicators or a rise in ADX, Ethereum’s next move remains uncertain.
ETH Supply on Exchanges Reached Its Lowest Level In Six Months
The supply of ETH on exchanges saw a notable shift over the past few weeks. After increasing from 10.35 million on January 19 to 10.73 million on February 1, exchange balances have since declined sharply, falling consecutively to 9.63 million – the lowest level in six months, dating back to August 2024.
This steady decrease in ETH held on exchanges signals a significant shift in investor behavior, potentially impacting price action in the near term.

The supply of ETH on exchanges is a key metric in understanding market sentiment. When exchange balances rise, it often suggests that investors are preparing to sell, as more ETH is readily available for trading. This can create selling pressure, leading to bearish conditions.
Conversely, when Ethereum supply on exchanges declines, it implies that investors are moving their holdings to private wallets, reducing the immediate sell-side liquidity.
This trend is generally considered bullish, as it suggests confidence in holding rather than selling. With ETH exchange supply now at its lowest level in six months, it could indicate strong accumulation, reducing selling pressure and potentially setting the stage for upward price momentum.
ETH Price Prediction: Can Ethereum Rise Back to $3,000?
Ethereum price chart shows that its EMA lines still indicate a bearish structure, with short-term moving averages positioned below long-term ones.
This suggests that ETH price has not yet established a confirmed uptrend. However, if buying momentum strengthens and ETH can recover a sustained upward movement, it may first challenge the resistance at $2,798.
A successful breakout above this level could open the door for further gains toward $3,024. If bullish momentum persists, ETH could eventually target the next major resistance at $3,442, signaling a full trend reversal to the upside.

On the other hand, failure to establish an uptrend could leave ETH price vulnerable to a retest of its key support at $2,524.
A breakdown below this level, especially with increasing selling pressure, would confirm a bearish continuation, potentially driving ETH further down to $2,163.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price Could Regain Momentum—Is a Bullish Reversal in Sight?

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Market
Bitcoin ETFs End Dry Spell with Fresh Capital

After seven straight days of outflows, institutional investors seem to have rekindled their love for Bitcoin ETFs. Since April 2, US-listed spot Bitcoin ETFs have posted net inflows for the first time, drawing $1.47 million in fresh capital on Monday.
While this figure is modest, it marks a notable shift in sentiment and the first sign of renewed institutional appetite for Bitcoin exposure through regulated funds.
Bitcoin ETFs End 7-Day Drought With Modest Inflows
Last week, Bitcoin investment funds recorded $713.30 million in net outflows as the broader cryptocurrency market struggled to stay afloat amid the growing impact of Donald Trump’s escalating trade war rhetoric.
But the tide may be starting to turn.
On Monday, U.S.-listed spot BTC ETFs recorded $1.47 million in net inflows, marking the first capital flow into these funds since April 2. While the amount is modest, it breaks a nearly two-week drought and could signal a gradual shift in institutional sentiment toward BTC.

The largest daily net inflow came from BlackRock’s IBIT, attracting $36.72 million. This brings its total cumulative net inflows to $39.60 billion.
On the other hand, Fidelity’s FBTC recorded the largest net outflow on Monday, shedding $35.25 million in a single day.
BTC Derivatives Market Heats Up Despite Cautious Options Flow
On the derivatives side, BTC’s futures open interest has edged higher over the past 24 hours, signaling increased derivatives activity.
At press time, this sits at $56 billion, rising by 2% in the past day. Notably, during the same period, BTC’s period has climbed by 1.22%.

BTC’s futures open interest refers to the total number of outstanding futures contracts that have yet to be settled. When it rises during a price uptick like this, it suggests that new money is entering the market to support the upward move, potentially reinforcing bullish momentum.
However, there’s a catch. While open interest in BTC futures has increased, the nature of these new positions appears to be bearish. This is evident in the coin’s funding rate, which has now flipped negative for the first time since April 2.

This means that more BTC traders are paying to hold short positions than longs, suggesting that a growing number of market participants are betting on a potential pullback despite the modest inflows into spot ETFs.
Moreover, the mood remains cautious on the options side. Today, there are more put contracts than calls, signaling that some traders may be hedging their bets or anticipating further downside, even as other indicators turn bullish.

Still, for BTC ETFs, any inflow after two weeks of silence feels like a win. With the broader market sentiment toward the coin turning increasingly bullish, it remains to be seen if this trend could persist for the remainder of the week.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Trump’s Tariffs Spark Search for Jerome Powell’s Successor

The Trump administration is gearing up for significant economic shifts, with its proposed tariffs said to be setting the stage for a potential overhaul of the Federal Reserve’s (Fed) leadership.
Like Gary Gensler’s ouster at the SEC (Securities and Exchange Commission), reports indicate that Fed chair Jerome Powell may face a similar fate with discussions starting long before his term ends.
Jerome Powell’s Exit Planned As Trump Tariffs Spell Economic Hardship
Treasury Secretary Scott Bessent announced the Trump administration’s plans to interview candidates to replace Fed Chair Jerome Powell.
Notably, Powell’s term as Fed chair ends in May 2026, over a year out. With almost 13 months left, experts suggest the administration’s move may be a strategic response to the economic turbulence expected from Trump’s aggressive tariff policies in 2025.
The sentiment is that the Trump administration may pave the way for a new Fed Chair to steer the economy through 2026 with interest rate cuts and stimulus measures.
“The interest rates affect credit cards, they’ll affect auto loans, the bottom 50% of Americans over the past two years have gotten crushed by these high interest rates. We’re set on bringing interest rates down,” Bessent claimed in a televised interview.
Trump’s tariff proposals, including a 125% tax on Chinese imports, are projected to impact the US economy substantially. According to a Tax Foundation study published on April 11, 2025, these tariffs could reduce US GDP by 1.3% in the long run.
The study also estimates tariffs will amount to an average tax increase of $1,300 per US household in 2025. This adds pressure on consumers already grappling with inflationary concerns.
Combined with foreign retaliation affecting $330 billion of US exports, the overall GDP reduction could reach 1.0%. This highlights the economic challenges the administration anticipates in the coming year.
Trump Administration Prepares For 2026 Economic Recovery
This report comes a month after Bessent presented Fed Chair Jerome Powell as a significant obstacle. He alluded that Powell impeded the Trump administration’s determination to lower interest rates.
Indeed, the Federal Open Market Committee (FOMC), led by Powell, has rejected interest rate cuts. They maintain this stance until they are comfortable with inflation cooling.
The Fed also made significant downward revisions to its 2025 economic projections. They painted a picture of weaker growth and persistent inflation.
According to economists, the Trump Administration is bracing for “economic weakness” in 2025 due to the tariffs. However, it sees 2026 as a year of recovery through monetary policy adjustments.
“This sets up perfectly for 2026 to be the year of interest rate cuts and economic stimulus, with the newly appointed Fed Chair,” The Kobeissi Letter said.
Therefore, the timing of Powell’s replacement aligns with these economic projections. A new Fed Chair, potentially more aligned with Trump’s economic agenda, could facilitate interest rate cuts and stimulus to counteract the tariff-induced slowdown.
Jerome Powell has served as Fed Chair since 2018. He has maneuvered a complex economic environment, which included high inflation and the post-pandemic recovery.
His second term, confirmed in May 2022, has been characterized by efforts to balance the Fed’s dual mandate of stable prices and full employment. However, this has been met with criticism, including from President Trump, for not being accommodative enough.
“The Fed would be much better off cutting rates as US tariffs start to transition (ease) their way into the economy. Do the right thing,” Trump shared on Truth Social.
The early search for his successor indicates the administration’s desire for a Fed Chair who might be more amenable to its policy goals.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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