#Ethereum Exchange Supply Drops to 4.9%, Price Holds $2,538—Eyes $2,741 Next???

$ETH ⭐ buy and trade here 👇

Ethereum’s exchange held supply has dropped to 4.9%—the lowest ever—according to Santiment. This is a big shift towards long term holding...

⭐ Ethereum Technical Analysis: ⭐

Price Bounces off Key Fibonacci Support

From a technical perspective ETH is above $2,515 after bouncing off the 0.382 Fibonacci level at $2,376—an area supported by the 50-EMA ($2,470).

This area has been a strong support since early May and buyers are stepping in to maintain the bullish structure.

⭐Ethereum Price Chart ⭐

Source: Tradingview

MACD has turned bullish with a crossover below the zero line, indicating more upside.

If ETH breaks above $2,600 the next resistance zones are $2,741 and $2,867.

A close above $2,600 could confirm the move towards $3,000 and beyond.

But a break below $2,470 could see a retest of $2,264 or $2,152

⚙️ Risk: Use proper risk management — 3x–5x leverage ☀️

Not financial advice — always DYOR! ✅

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