Ethereum Price Prediction: Staking Absorbs Supply As ETH Stalls Below Key EMAs

• ETH remains capped below key EMAs, with momentum stalled and spot flows still negative.
• Bitmine staked over 342,000 ETH, removing roughly $1 billion worth of supply from circulation.
• Price is compressing between $2,850 support and $3,000 resistance, setting up a decisive move.

Ethereum price today trades near $2,940 after another failed attempt to reclaim short-term resistance. The market remains compressed below key moving averages as spot flows stay negative and volatility fades. At the same time, a wave of large-scale staking activity is quietly removing supply, creating tension between weak price structure and strengthening long-term positioning.

Price Trapped Below EMAs As Momentum Stalls

On the daily chart, Ethereum continues to trade below its 20, 50, 100, and 200-day EMAs. The 20-day EMA near $2,985 has ca…

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