#cryptotradingpro

🚨 Over 1M Ethereum Withdrawn from Exchanges in Just 2 Weeks! 🚀 Supply Shock Incoming? 📉

$ETH is correcting 13% from its $3,940 high after an 85% rally since June. Currently trading at $3,391, it’s testing the 50-day SMA at $3,462. 📊

🔑 Key Levels:

• Support: $3,350–$3,462 (50-day SMA), $2,852 (major demand zone)

• Resistance: $3,860, $4,000 (psychological)

On-chain data from CryptoQuant shows massive ETH outflows, signaling strong accumulation into cold storage. 🥶 This mirrors Bitcoin’s 2024 bull run setup. With ETH leading in DeFi, stablecoins, and RWA tokenization, the fundamentals are solid. 💪

Despite short-term volatility from US job data, analysts see this as a healthy pullback and a chance to buy the dip before the next leg up. 📈

Will ETH hold $3,350 and charge toward $4,000, or will bears push it to $2,852? 👀