🚀 Ethereum has surged past $3,000, but on-chain data suggests a significant hurdle at $3,200. Approximately 2M addresses that traded ETH at this level are now in the red, potentially ready to sell. However, bullish news, such as the anticipated Ethereum ETF, could prevent a downturn. 📊 Meanwhile, a whale withdrew over $50M in ETH from Binance as the price recovered. Despite some large deposits, the overall trend sees ETH whales moving funds off exchanges. What's your take on this? Comment below! 💬