Binance ETH supply tightens as Scarcity Index hits 0.67 near $2,050
Binance ETH liquidity tightens as Scarcity Index hits 0.67; price holds near $2,000
Ethereum trades slightly above $2,000. CryptoQuant flags a 0.67 Scarcity Index on Binance, pointing to moderate supply tightening.
The reading sits near 0.67 with ETH around $2,050. A positive Scarcity Index means exchange supply runs below its historical average, or net flows leave the venue. This reduces order-book liquidity and amplifies the impact of large buy orders. Source: CryptoQuant quicktake.
At 0.67, scarcity is moderate. Not extreme. The data implies some coins move off exchange or sit in long-term holdings. Liquidity remains stable, but conditions are tightening as the market consolidates.
Price action shows a base after a sharp drop. ETH fell from above $3,200 to the $1,800 area in February, then bounced on high volume. Since, price has moved sideways between $1,900 and $2,100.
Trend signals stay weak. ETH trades below the 50-day and 100-day moving averages, both sloping down. The 200-day sits near $3,300, far above spot.
- Spot range 1,900–2,100
- Scarcity Index on Binance 0.67 CryptoQuant
- Key resistance cluster 2,200–2,400
- 200-day MA near 3,300
Bottom line for investors. Supply on Binance tightens, but only moderately. ETH stabilizes around $2,000 inside a 1,900–2,100 band while larger trend remains pressured. Further strength hinges on clearing the 2,200–2,400 zone.
