Ethereum's Price Bounces 1.70% Amid Stabilizing Macro Sentiment
Ethereum's price has seen a 1.70% increase to $2676.81 as of September 21 at 20:15 ET, with a 7-day gain of 4.23%. The rebound can be attributed to a combination of recovering spot ETF demand and stabilizing macroeconomic sentiment following recent central bank rate decisions.
On-chain data indicates that exchange-held Ether balances have reached multi-year lows, while the percentage of circulating supply locked in staking protocols has surpassed thirty-five percent. This dual mechanism of exchange outflows and persistent staking growth has significantly reduced liquid market depth on spot exchanges.
Institutional investors appear to be viewing lower price levels as attractive long-term entry points rather than a sustained distribution phase, as evidenced by the resumption of net inflows into U.S. spot Ethereum exchange-traded funds.