Ethereum's On-Chain Signals Shift as Selling Pressure Eases
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 31 2025- Supply Tightening: Ethereum is exiting exchanges at the fastest pace of the current cycle, with approximately 745,000 ETH waiting to enter staking compared to around 360,000 ETH queued for exit, indicating increased staking participation and long-term holding behavior, which gradually tightens Ethereum's liquid supply.
- Easing Selling Pressure: The 90-day Spot Taker CVD indicator shows a shift from seller dominance to neutral and mild buying pressure after a prolonged period of aggressive selling, suggesting that sell-side dominance is weakening, which could lead to a consolidation phase rather than further declines.
- Growing Network Activity: Despite price weakness, Ethereum's network usage reached a record high of about 8.7 million deployed smart contracts in Q4 2025, with on-chain real-world asset value expanding to around $19 billion, indicating demand rooted in actual network activity rather than mere speculation.
- Negative ETF Flows: While on-chain signals are improving, Ethereum's ETF flows remain negative on both daily and weekly timeframes, indicating that demand driven by financial products continues to act as a headwind, offsetting some of the constructive developments in the on-chain metrics.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
