Ethereum
price
continues
to
trade
in
a
sideways
structure
that
reflects
a
gradual
decline
rather
than
stability.
ETH
has
struggled
to
generate
sustained
upside
momentum.
The
exit
of
new
participants
has
weighed
on
sentiment,
even
as
some
long-term
metrics
show
early
signs
of
improvement.
This
divergence
creates
a
mixed
outlook
for
Ethereum.
While
network
growth
has
weakened,
improving
holder
retention
offers
a
counterbalance.
Sponsored
Sponsored
Ethereum
New
Holders
Dip
Ethereum
has
seen
a
sharp
decline
in
new
addresses
over
the
past
several
days.
Daily
new
addresses
fell
nearly
36%
within
48
hours,
dropping
from
298,000
to
191,000.
This
contraction
pushedEthereum’s
Network
Growthmetric
to
a
two-month
low.
The
slowdown
has
persisted
since
the
beginning
of
the
month.
Fewer
new
participants
reduce
organic
demand.
Weak
onboarding
also
signals
hesitation
among
retail
investors.
This
trend
has
added
pressure
to
ETH
price
performance
and
contributed
to
cautious
market
sentiment.
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Ethereum
New
Addresses.
Source:
SantimentThe
Ethereum
Holder
Retention
Rate
provides
deeper
context
that
even
though
new
holders
are
declining,
the
ones
that
are
staying
are
staying
for
good.
This
metric
tracks
the
percentage
of
addresses
maintaining
a
balance
across
consecutive
30-day
periods.
It
measures
whether
holderscontinue
to
retain
ETHrather
than
exit
positions.
The
retention
rate
recently
fell
to
92.4%,
marking
a
4.5-year
low
and
the
weakest
reading
since
September
2021.
This
decline
confirmed
wavering
conviction
among
newer
holders.
Sponsored
Sponsored
However,
the
metric
has
begun
to
improve
modestly,
suggesting
renewed
stability
among
participants.
Rising
retention
can
strengthen
structural
support
if
sustained.
Ethereum
Holder
Retention
Rate.
Source:GlassnodeETH
Price
Shows
Potential
To
Bounce
Back
Ethereum
is
trading
at
$1,904
at
the
time
of
writing,
holding
above
the
$1,816
support
level.
While
price
action
appears
flat,
a
descending
resistance
line
indicates
a
slow
downtrend.
Without
stronger
demand,
ETH
remains
vulnerable
to
continued
weakness.
The
Chaikin
Money
Flow
indicator
offers
cautious
optimism.
CMF
has
shifted
into
positive
territory
after
a
gradual
uptrend.
This
movement
signals
improving
capital
inflows.
Transitioning
from
outflows
to
inflows
is
essential
for
anysustained
Ethereum
pricerecovery.
ETH
CMF.
Source:TradingViewIf
inflows
continue
and
support
holds,
Ethereum
could
rebound
from
$1,816
and
attempt
a
move
toward
$2,165.
A
breakout
above
this
resistance
would
invalidate
the
current
downtrend
line.
Such
a
shift
would
likely
restore
investor
confidence
and
reinforce
bullish
momentum.
ETH
Price
Analysis.
Source:TradingViewHowever,
failure
to
maintain
positive
capital
flow
would
undermine
this
outlook.
A
breakdown
below
$1,816
would
invalidate
the
recovery
thesis.
In
that
scenario,Ethereum
price
could
slidetoward
$1,600,
increasing
downside
risk
and
reinforcing
bearish
control
across
the
broader
crypto
market.