Investors Withdraw 360,000 Ethereum from Exchanges in 48 Hours
Ethereum has surpassed the $2,000 mark but failed to maintain it, closing below this level. Key observations include:
- ETH has seen a decline of over 57% since mid-December, dropping from approximately $4,100 to around $1,750.
- A critical resistance point is $2,000, which bulls need to reclaim for a potential recovery rally.
- Over the last 48 hours, investors withdrew more than 360,000 ETH from centralized exchanges, indicating possible bullish sentiment as assets are moved to private wallets.
- Macro factors such as trade tensions and U.S. policy uncertainty continue to create market volatility and investor hesitation.
- Currently, ETH is trading at $1,960, struggling to gain momentum amid ongoing uncertainties.
- Bulls must push above $2,000 and aim for higher levels like $2,150 and $2,300 to signal a trend reversal.
- If resistance holds, ETH could test lower demand zones around $1,850 or $1,750.
The upcoming sessions will be crucial for determining ETH's short-term trajectory, with decisive moves needed above or below the $2,000 range to influence future price action.
