⚡ Ethereum Breaks $4,000 as Whales Drain Liquidity 🔥
Ethereum ($ETH) has crossed the $4,000 mark for the first time since December, signaling strong bullish momentum. CryptoQuant data shows a steady decline in ETH exchange reserves, indicating major investors are withdrawing coins from exchanges, reducing market liquidity.
This shrinking supply, combined with rising demand from DeFi, staking, and real-world assets, could lead to a supply squeeze. The weekly chart confirms a solid break above $3,860, pushing ETH to $4,017 — its highest since December 2024.
If ETH holds above $3,860 on the weekly close, the next major target is the all-time high near $4,800–$4,900.
