$ETH **Strong Spot Market Demand**

Nearly **180,000 ETH** were withdrawn from exchanges in the past 24 hours, signaling strong accumulation by investors. This decline in exchange reserves suggests reduced selling pressure and a bullish sentiment.

**Technical Breakout Confirms Strength**

ETH has decisively broken above the **200-day EMA** and the **38.2% Fibonacci retracement level ($2,425)**, confirming bullish momentum. The **ADX (25)** further supports a strengthening uptrend.

### **Market Outlook & Key Levels to Watch**

While the $2,500 breakout is a positive sign, sustaining this level is crucial for further upside. The next resistance zones lie at:

- **$2,620** (short-term hurdle)

- **$2,850** (mid-term target)

A clear break above these could propel ETH toward **$3,000** and beyond.