Ethereum's (ETH) price is down 1% on Monday as its exchange supply hit record lows following growth in global ETH ETFs' inflows.
Ethereum ecosystem generated more revenue in Q1 than Etsy, Robinhood or Reddit. Issuers plan to market Ethereum as a 'producing tech stock' and the 'ultimate app store’. Ethereum could see a bullish reversal in the coming days. Ethereum 's price is down 1% on Monday as its exchange supply hit record lows following growth in global ETH ETFs' inflows. Meanwhile, issuers plan to market Ethereum as the 'ultimate app store’.
The NFP news briefly sent ETH below the $3,618 support before a slight recovery. ETH liquidations sit at $9.47 million, with the majority coming from long liquidations worth $6.99 million. ETH/USDT 4-hour chart According to data from Laevitas.ch, the ETH futures premium dropped from around the 15% mark to 13% on Monday — its lowest level since the SEC's position response toward spot ETH ETFs — signaling dwindling investor interest.
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