📉 ETH’s supply on exchanges has plunged to just 4.9% — the lowest in a decade. Over 15.3M ETH have exited centralized platforms since 2020, signaling strong accumulation and low sell pressure.
📈 Meanwhile, Open Interest (OI) jumped 11.31% to $16.59B, hinting at rising speculative demand from derivatives traders. ETH trades at $2,537, up 5.37% in 24H, backed by surging metrics from both retail and institutional investors.
👥 Active addresses rose 6.09%, and new addresses surged 28.43% weekly, reflecting rising user interest. Historically, this kind of network growth precedes bullish price moves.
🐳 Whale activity exploded — transfers between $1M–$10M spiked 204%, and $10M+ soared 240%. Smaller bracket transactions ($1–$10 & $100–$1K) also posted 33–40% growth.
📊 MVRV ratio climbed to 27.19%, suggesting most holders are in moderate profit — a bullish sign with minimal sell pressure.
📉 ETH is attempting a breakout from a descending channel, with key resistance levels at $2,571 and $2,622. A push past these zones could open the door to $2,750 and even $2,991.
🔥 With whale buys, on-chain strength, and a breakout setup in play, Ethereum looks poised for its next leg up — if momentum holds.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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