Analysis: "Over the past three weeks, a significant amount of Ethereum (ETH) has exited cryptocurrency exchanges, totaling about 510,000 ETH, equivalent to approximately $1.22 billion, according to on-chain data from Glassnode. This substantial outflow indicates a robust holding sentiment among ETH holders, contributing to a noticeable easing of selling pressure in the market," noted cryptocurrency analyst and trader Ali Martinez. Renowned analyst Michaël van de Poppe also weighed in, stating, "Examining the Binance ETH/USDT daily chart reveals that the crucial $2,150 support level remains intact. Maintaining this support line during the ongoing upward trend could pave the way for a potential surge beyond $3,000 in the second quarter."
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