- ETH Spot Inflow/Outflow data reveals that exchanges have witnessed $35.6 million worth of outflows.
- 76% of top traders on Binance hold long positions, while 24% hold short positions.
Ethereum [ETH], the world’s second-largest cryptocurrency by market cap, has caught the attention of whales and investors due to its interesting price action.
Ethereum’s technical analysis and key levels
According to AMBCrypto’s technical analysis, ETH is approaching its strongest resistance level and struggling to breach it.
Historically, ETH has reached this level four times, each time facing selling pressure and experiencing a significant price decline. This pattern may explain the heightened participation from whales and traders.
Source: TradingView
Based on recent price action, if ETH breaks this hurdle and closes a daily candle above $4,100, it could soar by 18%, reaching $4,850 in the coming days.
Positively, ETH is trading…
