The post Ethereum Price Flashes Fake-Out Signal amid $540M Withdrawals appeared on BitcoinEthereumNews.com.

Ethereum (ETH) price rose 4% in the last 3 days to hit the $2,720 mark on Feb 11, as the global altcoin market received major capital inflows, however on-chain staking outflows suggest the ETH resurgence could fade out early. Ethereum Price Reclaims $2,700 Resistance after Weekend Consolidation Ethereum (ETH) has recorded a strong rebound, climbing 4% over the last three days to breach the $2,720 resistance level on February 11. The recent surge comes amid broader capital inflows into the altcoin market, even as Bitcoin (BTC) and Ethereum remained relatively flat over the weekend. Notably, other major altcoins such as Litecoin (LTC), Solana (SOL), and Ripple (XRP) experienced significant gains, shifting investor sentiment and paving the way for Ethereum’s bullish momentum. The TradingView chart below  shows that ETH price surged from $2,560 on Monday to a local high of $2,725, marking a 3.7% increase over 48 hours. Ethereum Price Action, Feb 11, 2025 This uptrend also signals the fourth consecutive day without losses for Ethereum, an important psychological milestone for market participants. However, while ETH price action appears bullish, declining trading volume suggests that the rally may be losing steam. Without substantial demand and follow-through buying pressure, ETH could struggle to advance past the next resistance zone, potentially leading to a reversal or period of consolidation. Fake-Out Signals Emerge as Investors Withdraw 200,000 ETH from Ethereum 2.0 Staking Contracts Despite Ethereum’s resilience over the past four days, on-chain staking data raises concerns that the ongoing rally may be unsustainable. The chart below tracks daily changes in the total balance of ETH deposited into Ethereum 2.0’s Beacon Chain staking and network validation contracts. As of February 4, Ethereum staking deposits stood at 33.7 million ETH. However, within the last seven days, investors have withdrawn over 200,000 ETH, bringing the total staked…

---

Filed under: News - @ February 11, 2025 2:26 pm