Ethereum slips 10% while Binance withdrawals hit a six‑month low.
Ethereum has fallen 10% over the past three days, wiping more than $38 billion off its market capitalization.
Altcoin market capitalization has shed over $110 billion in the same period.
On Binance, ETH reserves dropped from 3.57 million to 3.47 million, a decline of nearly 11.5% since August when the exchange held about 3.92 million ETH.
The exchange recorded a record 320,000+ ETH withdrawal transactions on October 6, indicating a shift toward private wallets.
US‑listed spot Ethereum ETFs have experienced eight consecutive days of outflows, with nearly $580 million withdrawn this month.
Technical data shows Ethereum’s RSI around 23, testing the lower trendline of a rising channel, while the price sits at its 100‑week EMA.
Michaël van de Poppe called the dip an “opportunity,” and BATMAN suggested a possible rebound toward $2,700, with $3,000 next on the radar.
Ted Pillows warned that a weekly close below the 100‑week EMA could push price below $2,400.
What do you think will drive the next move for Ethereum?
#Ethereum #Binance #Altcoins #ETFs #Crypto
Ethereum has fallen 10% over the past three days, wiping more than $38 billion off its market capitalization.
Altcoin market capitalization has shed over $110 billion in the same period.
On Binance, ETH reserves dropped from 3.57 million to 3.47 million, a decline of nearly 11.5% since August when the exchange held about 3.92 million ETH.
The exchange recorded a record 320,000+ ETH withdrawal transactions on October 6, indicating a shift toward private wallets.
US‑listed spot Ethereum ETFs have experienced eight consecutive days of outflows, with nearly $580 million withdrawn this month.
Technical data shows Ethereum’s RSI around 23, testing the lower trendline of a rising channel, while the price sits at its 100‑week EMA.
Michaël van de Poppe called the dip an “opportunity,” and BATMAN suggested a possible rebound toward $2,700, with $3,000 next on the radar.
Ted Pillows warned that a weekly close below the 100‑week EMA could push price below $2,400.
What do you think will drive the next move for Ethereum?
#Ethereum #Binance #Altcoins #ETFs #Crypto