【Shocking Revelation】$380 Million in Funds Crazy Escape! Is Ethereum about to 'Take Off' or Fall?

💰 Hundreds of Millions in Funds Withdrawn from Exchanges, Is ETH Preparing for a Major Move?

In just one week, over $380 million worth of Ethereum has been massively transferred out of exchanges. Such whale-level operations usually indicate that market confidence is warming up. The large amount of funds leaving means reduced selling pressure, which may be a prelude to the next round of rebound.

After briefly dropping to $1,750, the price quickly rebounded, indicating strong buying demand for low-priced ETH. However, it cannot be ignored that if the price fails to maintain upward momentum, it may encounter profit-taking at any moment.

📉 MVRV Approaching Historical Lows, ETH May Be in a Value Trap

The MVRV Z indicator of ETH is nearly close to 0. Similar levels in the past have triggered substantial increases, such as ETH soaring from $100 to $4,000 in 2020. Will history repeat itself this time? The market is waiting for signals.

Current holders are basically in an 'unprofitable' state, which means stable holdings and reduced speculation, potentially laying a solid foundation for ETH's future.

📊 Technical Crossroad, Breakthrough or Sideways Movement Will Soon Be Revealed

ETH is currently still suppressed below the 365-day moving average (around $2,849), while the current price hovers around $1,850. Only when the number of short-term traders rises above 4 million, accompanied by a breakthrough of the 7-day moving average, can true upward momentum be released.

🧠 Market Confidence Returning, Long-Term Holders Remain Bullish

Currently, the number of addresses holding ETH exceeds 104 million, reflecting that investors' long-term bullish trend remains unchanged. However, if market activity cannot quickly increase in the short term, ETH may continue to consolidate sideways until a key technical breakthrough occurs.

✅ Conclusion:

Ethereum is at a crossroads between being undervalued and a return of confidence. The exit of $380 million in funds raises the question: is it a shakeout by whales or the prelude to a bull market? A breakthrough of $3,000 is imminent, but the current wait-and-see atmosphere also indicates that any minor fluctuations could ignite the market. Are you ready?