Ethereum Price Stuck Near $2,000 as Holder Exodus Slows Recovery

Ethereum continues to trade in a narrow range near $2,000. ETH has struggled to generate sustained upside momentum in recent weeks.

While on-chain data suggests selling pressure may be nearing exhaustion, another concern is emerging. A decline in new network participation could restrict fresh capital inflows.

Ethereum Holders Are Realizing Losses

Ethereum’s Spent Output Profit Ratio, or SOPR, recently slid to 0.92. This marks the deepest level since April 2025. A reading below 1 indicates that investors…