Ethereum price bounces back above $2k as scarcity index turns positive

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 ETH - $2069.801 ahead of the event.

Source: invezz.com

Related symbols: ETHUSD

2026-03-12 11:14:01 GMT.

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Price & Market Data

Price: $2069.801

Volume 24h: $19,535,011,339.11

Market Cap: $249,808,401,369.03

Description

Ethereum (ETH) is a cryptocurrency . Ethereum has a current supply of 120,691,977.44783105. The last known price of Ethereum is 2,043.98405452 USD and is up 1.36 over the last 24 hours. It is currently trading on 11629 active market(s) with $19,118,354,239.87 traded over the last 24 hours. More information can be found at https://www.ethereum.org/.