ETHUSD Today, March 21: Tom Lee Sees Pivot as Exchange Inflows Drop

The ethereum price is back in focus for UK traders today as Tom Lee points to a March 7 pivot using DeMark indicators and exchange inflows from top-10 wallets fall to about 135,573 ETH. That eases near-term sell pressure and tightens supply. With the ETHUSD pair recently outperforming Bitcoin, sentiment has improved. We break down what this means for the ethereum price, key technical levels to watch, and what GBP-based investors can do right now without taking on unnecessary risk.

Signals: DeMark Pivot and Whale Flows

Tom Lee highlighted a potential ethereum price inflection on March 7 based on DeMark signals, which aim to spot exhaustion and trend reversals. If the pivot holds, buyers may defend recent pullbacks while momentum rebuilds. His view arrives as liquidity conditions improve. Read the summary for context and caveats here: source.

Recent data shows top-10 wallet transfers to exchanges down to roughly 135,573 ETH, easing immediate sell pressure and supporting the ethereum price. Lower inflows often mean fewer coins ready to market-sell, which can reduce intraday volatility. Traders should still watch on-chain dashboards for sudden spikes. A fast rise in inflows typically signals growing supply at exchanges and can cap upside rallies.

Performance and Flows vs Bitcoin

Ethereum has recently outperformed Bitcoin even in conditions that often favour BTC. Analysts cite improving staking dynamics, L2 activity, and renewed institutional interest. This relative strength helps the ethereum price hold key levels during risk-off swings. See a concise discussion of drivers here: source.

For UK investors, headlines about potential Ethereum ETFs inflows can sway sentiment even before any approval or launch. Capital has also moved through futures and offshore ETPs. If expectations build, the ethereum price can respond ahead of flows. FCA rules limit some retail access to derivatives, so many use spot purchases, GBP pairs, or regulated ETPs via professional channels.

Price Levels and Technical Setup

As of 07 Mar 2025 UTC, ETH traded at $2,157.54 with a day range of $2,143.81 to $2,160.95. Bollinger Bands sit near $2,314.95 and $1,815.66, with a middle band at $2,065.31. RSI is 48.63, showing neutral momentum. ADX is 22.28, suggesting a modest trend. For the ethereum price, the 50-day average at $2,083.51 is near-term support to monitor.

MACD is -16.18 versus a -55.39 signal, leaving a positive histogram of 39.20 that hints at improving momentum. Stochastic %K is 51.60 and Williams %R is -55.34, both mid-range. ATR is 142.08, giving a sense of average swing size. Keltner upper and lower channels at $2,414.53 and $1,846.23 frame potential extension zones for the ethereum price.

What UK Investors Can Do Today

Set clear entries and exits, use limit orders, and size positions so a normal ATR move does not stress your account. The ethereum price is quoted in USD on many venues, so plan for FX when funding in GBP. Consider spreading orders across London and US hours to capture liquidity and reduce slippage.

Keep alerts on whale flows and exchange balances, since supply shocks can move the ethereum price fast. Track headlines on potential Ethereum ETFs inflows, network upgrades, gas fees, and L2 adoption. Weekends can bring thinner liquidity, so tighten stops or reduce size into Friday nights. Document your plan and review results after each trade.

Final Thoughts

DeMark signals around 7 March and a drop in top-10 exchange inflows to about 135,573 ETH have tilted the setup in favour of patient buyers. For UK traders, that means a tighter float may help the ethereum price hold pullbacks while momentum rebuilds. The technical picture is neutral but improving, with RSI near 49 and a positive MACD histogram. Focus on the 50-day average near $2,083 and the Bollinger middle band at $2,065 as first supports, while $2,315 marks initial resistance. Build positions with limits, respect ATR-sized swings, and watch on-chain supply and any headlines on Ethereum ETFs inflows. Stay disciplined and review risk before adding exposure. This article is informational and not investment advice.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.