Ethereum Holds Near $2,000 As Binance Scarcity Index Hits 0.67 And Liquidity Tightens

Ethereum is trading just above $2,000 after a sharp drop from over $3,200 to the $1,800 region in February, with price now consolidating between roughly $1,900 and $2,100. On-chain data from CryptoQuant analyst Arab Chain shows Ethereum’s Scarcity Index on Binance around 0.67 while ETH trades near $2,050, indicating moderately reduced exchange supply and gradually tightening liquidity. Despite this shift, ETH remains below its 50-day, 100-day, and 200-day moving averages, suggesting broader downward pressure persists even as short-term stability emerges.