#BinanceAlphaAlert

Profit and Loss Analysis

Recent data indicates that Ethereum investors have realized significant profits following the cryptocurrency's rally toward $2,700. Specifically, investors booked nearly $1.5 billion in profits, with over $900 million realized within a 24-hour period.

Despite the profit-taking, Ethereum has seen substantial net outflows from exchanges, suggesting continued accumulation by long-term holders. For instance, a recent report highlighted a net outflow of nearly 230,000 ETH from exchanges, the highest since March 7, indicating strong buying pressure from investors.

Ethereum saw positive inflows amid a wider trend in digital asset investments, totaling $785 million for the week, marking the fifth straight week of gains.

Technical indicators suggest that while the short-term trend remains bullish above $2,500, a decisive break above $2,600 is necessary to confirm a continuation of the upward movement. Conversely, a drop below $2,500 could invalidate the bullish structure, with immediate support levels at $2,439 and $2,410. $ETH $ETH