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Ethereum Supply on Exchange. Source:
“Over the past month, more than 1 million ETH have been withdrawn from centralized exchanges, which accounts for approximately 5.5% of the total ETH held on these platforms. This trend suggests that users are increasingly choosing to accumulate Ethereum rather than trade it.
over 300,000 ETH were withdrawn from Binance alone in the past month. Since the beginning of the year, more than 800,000 ETH have been withdrawn from the platform.
This withdrawal activity occurred not just when ETH prices dropped sharply below $1,400 in early April, but also accelerated during ETH’s rebound above $2,400 in May.
In addition, large accumulation addresses recorded their highest inflow in history. Specifically, on May 12, whale wallets accumulated over 325,000 ETH — the highest single-day amount ever recorded.
When whales accumulate, they often withdraw ETH from exchanges to store in cold wallets. This reduces the circulating supply and creates upward pressure on the price.
Meanwhile, based on a rare bullish technical pattern that emerged in May, analyst predicted ETH could soon return to $3,000, a key psychological level.
"ETH Golden Cross confirmed. $3,000 Ethereum is coming next"
#ETH3000 #Ethereum $ETH
“Over the past month, more than 1 million ETH have been withdrawn from centralized exchanges, which accounts for approximately 5.5% of the total ETH held on these platforms. This trend suggests that users are increasingly choosing to accumulate Ethereum rather than trade it.
over 300,000 ETH were withdrawn from Binance alone in the past month. Since the beginning of the year, more than 800,000 ETH have been withdrawn from the platform.
This withdrawal activity occurred not just when ETH prices dropped sharply below $1,400 in early April, but also accelerated during ETH’s rebound above $2,400 in May.
In addition, large accumulation addresses recorded their highest inflow in history. Specifically, on May 12, whale wallets accumulated over 325,000 ETH — the highest single-day amount ever recorded.
When whales accumulate, they often withdraw ETH from exchanges to store in cold wallets. This reduces the circulating supply and creates upward pressure on the price.
Meanwhile, based on a rare bullish technical pattern that emerged in May, analyst predicted ETH could soon return to $3,000, a key psychological level.
"ETH Golden Cross confirmed. $3,000 Ethereum is coming next"
#ETH3000 #Ethereum $ETH
🎯OG: Trying to Return to the Trend 🚀
$OG
📉 Market Overview:
The market remains consolidated as traders await mid-month momentum and the US interest rate decision, which could heavily influence market direction 📊. Amid this, select coins show technical promise:
TROY is performing well, eyeing a breakout above 0.0075 🔝.
OG is worth watching, rebounding from the second bottom at the key support of $5.
📈 OG Price Targets:
Bullish Scenario: If OG breaks above the trend line, the next targets are in the $7.5-$9 range. A strong mid-month opening above $7.5 could solidify the trend, leading to further upside 📊.
Bearish Scenario: If broader market pressure persists, OG might test the $3.5-$4 range. This could present a re-entry opportunity, similar to TROY's dips.
📉 Market Risks:
Bears still hold unprocessed targets:
3000-3100 ETH ⚡
75-85k BTC ⚡
This may lead to deeper short-term selling, with a potential recovery if the dollar weakens post-interest rate decision.
📊 Other Opportunities:
TROY: Consolidating but showing resilience; closely eyeing 0.0075.
VIB: A recent dip presents a chance for re-buying. If 0.1 holds, a move toward 0.15 is possible 🚀.
#CryptoMarket #OGResurgence #BTC☀ #ETH3000 #MarketMajorComeback
📉 Market Overview:
The market remains consolidated as traders await mid-month momentum and the US interest rate decision, which could heavily influence market direction 📊. Amid this, select coins show technical promise:
TROY is performing well, eyeing a breakout above 0.0075 🔝.
OG is worth watching, rebounding from the second bottom at the key support of $5.
📈 OG Price Targets:
Bullish Scenario: If OG breaks above the trend line, the next targets are in the $7.5-$9 range. A strong mid-month opening above $7.5 could solidify the trend, leading to further upside 📊.
Bearish Scenario: If broader market pressure persists, OG might test the $3.5-$4 range. This could present a re-entry opportunity, similar to TROY's dips.
📉 Market Risks:
Bears still hold unprocessed targets:
3000-3100 ETH ⚡
75-85k BTC ⚡
This may lead to deeper short-term selling, with a potential recovery if the dollar weakens post-interest rate decision.
📊 Other Opportunities:
TROY: Consolidating but showing resilience; closely eyeing 0.0075.
VIB: A recent dip presents a chance for re-buying. If 0.1 holds, a move toward 0.15 is possible 🚀.
#CryptoMarket #OGResurgence #BTC☀ #ETH3000 #MarketMajorComeback
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