Ethereum has regained momentum, bouncing back above the $2,000 mark. The rebound comes after a period of consolidation just below this psychological level. One of the most notable developments is the Ethereum scarcity index turning positive. Source: CryptoQuant This indicates that fewer coins are available on crypto exchanges compared to historical averages. When exchange reserves shrink, it often means that selling pressure is lower and upward price movements can accelerate. The recent uptick has coincided with growing anticipation for a major network upgrade scheduled for 12 March 2026. This upgrade is designed to improve both performance and security across the Ethereum blockchain. Large holders, sometimes referred to as whales, appear to have accumulated ETH ahead of the event.
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