The post Ethereum to Explode? 300K ETH Withdrawn from Exchanges appeared on BitcoinEthereumNews.com.

Over 300,000 ETH were withdrawn from exchanges in just two weeks, indicating a possible long-term holding strategy. The Ethereum price was trading above key support levels, with growing speculation about a move toward $8,000–$20,000 in the next market cycle. Ethereum (ETH) has seen a major shift in recent days. Over 300,000 ETH have been pulled out from crypto exchanges in just two weeks. This move is garnering attention, especially among traders who are now closely watching out for what might come next. Ethereum Withdrawals Raise New Questions About Price Direction It is worth noting that the largest altcoin, Ethereum, has become the focus of market discussions after the sale of more than 300,000 ETH. This is worth about $800 million and was withdrawn from exchanges.  The data was shared by prominent crypto analyst Ali on X, with a chart showing a clear drop in supply held on platforms. This kind of withdrawal often signals that holders are moving their coins into long-term storage, which reduces selling pressure. Ethereum Withdrawal | Source: Ali Martinez CryptoQuant, a market data analytics firm, looked at similar events in the past. In 70% of those cases, Ethereum’s price went up afterward. That pattern is now part of the conversation. At the same time, Glassnode reports a 15% drop in ETH held on exchanges since mid-year. This supports the idea that large players may be building positions. Another reason for the growing interest could be Ethereum’s next upgrade, known as the Fusaka upgrade. It is expected to improve the network’s handling of traffic and may help alleviate centralization issues.  Meanwhile, as highlighted in our previous news brief, Ethereum has experienced a dramatic surge in the past week. This is increasing by 20% to now trade just 26% below its all-time high. Eyes on Ethereum as Market…

---

Filed under: News - @ July 20, 2025 3:24 pm