Ethereum Scarcity Index Turns Positive at 0.67 on Binance as ETH Reclaims the $2,000 Level

Ethereum traded back above $2,000 with a modest upward move while a key scarcity gauge on Binance registered a positive 0.67 reading, indicating exchange reserves have fallen below historical norms. ETH is currently fluctuating between $1,900 and $2,100 and remains under its 50-day and 200-day moving averages, with traders watching whether reduced supply, ETF flows and institutional activity can support a potential move toward $2,200.