Ethereum Withdrawals Plunge to 7-Month Low—Will Prices Tumble Below $2,000?

Ethereum’s inability to establish a strong foothold above $2,000 continues to dampen investor sentiment, causing many traders to keep their assets liquid in case of a potential selloff. This cautious stance is reflected in ETH withdrawals from exchanges, which have plunged to a seven-month low. ETH Exchange Activity Signals Growing Bearish Sentiment An assessment of Ethereum’s exchange transaction dominance shows a significant decline in ETH withdrawals since late January. According to Glassnode, ETH’s exchange withdrawal transactions totaled 59,755 coins on Tuesday, marking its lowest single-day count since August 31 source: https://beincrypto.com/ethereum-exchange-withdrawals-fall/