🐋💥 Ethereum breaks $4,000: whales drain liquidity
Ethereum (ETH) surpassed $4,000 for the first time since December, and on-chain data reveals that whales are withdrawing large amounts of ETH from exchanges.
This liquidity drain reduces the available supply and opens the door to a potential supply shock.
📊 Key points of the bullish moment:
ETH reserves on exchanges falling 📉.
Increase in demand in DeFi, RWA, and staking.
Corporations like Sharplink Gaming adding ETH to their treasuries.
Weekly breakout above $3,860 (+14.87% for the week).
🎯 Levels to watch:
Key support: $3,860 ✅.
Target if the trend continues: $4,800–$4,900 (ATH).
⚠️ Risk: loss of $3,860 could lead to consolidation at $3,600–$3,750.
💬 Are we witnessing the start of a rally towards new all-time highs for ETH? 🚀
