Ethereum and Bitcoin are seeing a continued reduction in the amount held on exchanges. According to Leon Waidmann on March 11, ETH on exchanges currently stands at just 12%, while BTC sits at 14.9%, both levels marking multi-year lows.
Since mid-2024, investors have been changing the way they move their assets. They are choosing to hold their funds in self-custody options, staking, and cold storage rather than keeping them in platforms that are associated with liquidity risks.
Source: X
This is because the trend indicates that investors are becoming more confident and want to retain control over their assets. Despite the fact that there are fewer coins on exchanges, there is no panic selling.
Rather, the trend indicates that the market is becoming more mature and investors are looking at security and long-term plans.
Also Read: Ethereum Simplifies Staking as Vitalik Buterin Pushes One-Click Validator Access
Ethereum Application Revenue Declines
The Ethereum ecosystem is slowing down, and there are fewer apps generating money. Waidmann reported that revenue is currently at $25.5 million.
It is a significant reduction from the $60 million+ reported in 2025. Layer 2 solutions contribute 18.71% to total revenue, indicating they are becoming more prominent.
Source: X
This is due to less activity on the chain, fewer risky trades, and less DeFi volume. There is less activity happening on Ethereum, and that is why there is less revenue for apps and fees. This shows that there is a slowdown in Ethereum’s decentralized apps.
Investors and app developers are changing their expectations as Ethereum is going through this period of less activity and preparing for potential future growth.
Price Action Holds Near Key Resistance
Ethereum’s price is ranging between $2,020 and $2,050, just below the critical resistance zone between $2,100 and $2,170.
Daan Crypto Trades pointed out the significance of these price zones, stating that $2,100 is a critical price zone for Ethereum. A breakout through $2,100 could trigger more upside, while failure to do so could send the ETH price towards $1,800.
From the 3-day chart, it is evident that ETH has been ranging for the last few years, moving between the upper resistance zone of $3,300 to $3,500 and the lower support zone of $1,500 to $1,800.
Source: X
In the past, these areas have been significant zones for buyers and sellers, and hence, there has been repeated action of rejection and bounces.
If it breaks through $2,170 for sure, the next potential zone for ETH is $2,800 to $2,850. If it goes below $1,800, it may even go down to $1,520, testing the old significant low.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Ethereum Faces Short-Term Pressure, $2,120 Resistance Critical for Next Move
