Ethereum: After $230M in withdrawals, key metrics say ETH prices could…
The post Ethereum: After $230M in withdrawals, key metrics say ETH prices could… appeared on BitcoinEthereumNews.com.
Institutions withdrew 89K ETH as Stock-to-Flow surged to 69.66, indicating rising scarcity. Despite a drop in Open Interest, MVRV and transaction recovery show improving fundamentals. Ethereum [ETH] has seen over 89,000 ETH worth $230 million withdrawn by institutional wallets from Binance, OKX, and Kraken within just 24 hours. These aggressive outflows—linked to Matrixport and Abraxas Capital—signal rising institutional confidence and a strategic shift toward long-term holding This shift also reflects broader institutional confidence in Ethereum’s future potential, especially during periods of market uncertainty. With sell-side pressure decreasing and supply tightening, these strategic withdrawals could play a critical role in shaping Ethereum’s price trajectory over the coming weeks. Will ETH’s support trendline hold against mounting resistance? Ethereum continues to trade above an ascending support line, signaling that buyers still defend key levels. However, price action remains capped below the $2,642 resistance, with further upside limited by a stronger ceiling at $2,885. This consolidation between trendline support and horizontal resistance suggests indecision. At press time, RSI hovered around 55, indicating neutral momentum. Therefore, while bullish structure remained intact, ETH must break through this resistance band to confirm continuation. Failure to do so could lead to a retest of the $2,403 zone if bulls lose control. Source: TradingView ETH’s Stock-to-Flow soars: Is scarcity setting the stage for gains? The Stock-to-Flow (S2F) ratio for Ethereum has spiked to 69.66, a significant leap that reflects increasing scarcity. This metric compares circulating supply to annual issuance, and rising values suggest limited availability of new ETH. Such a dynamic often supports bullish expectations, especially during accumulation phases. Therefore, this surge may signal growing demand amid declining supply, reinforcing Ethereum’s long-term value proposition. However, price action must align with this narrative for gains to materialize, particularly in the face of short-term resistance zones. Source: Santiment Low MVRV Z-score:…
Filed under: News - @ July 4, 2025 6:28 pm