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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming?

Sebastian Villafuerte
Sebastian Villafuerte
1 week ago
3 mins read

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This article is also available in English.

Ethereum has faced massive selling pressure and volatility over the past month as the entire crypto market trends downward, pushing ETH toward crucial demand levels. With uncertainty dominating the market, traders remain cautious as Ethereum struggles to reclaim lost ground.

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1 week ago

Analysts expect even more volatility following US President Trump’s executive order on Thursday, which established a Strategic Bitcoin Reserve. While the announcement was expected to boost market sentiment, it introduced more uncertainty, leaving investors unsure of its long-term impact on the crypto space.

Despite the ongoing decline, on-chain data from Santiment reveals a bullish signal—330,000 Ethereum have been withdrawn from exchanges in the past 72 hours. Such large outflows often indicate investors moving ETH into private wallets, suggesting reduced selling pressure and possible long-term accumulation.

With Ethereum hovering at key support levels, the coming days will be critical in determining whether ETH stabilizes or faces further downside. If market sentiment improves and exchange outflows continue, Ethereum could see a strong recovery. However, if selling pressure persists, another leg down remains a possibility, keeping traders on high alert.

Ethereum Faces A Critical Test

Ethereum has lost over 50% of its value since late December, triggering massive fear and panic selling across the market. Once a leading force in crypto rallies, ETH is now struggling to regain momentum, leaving investors questioning whether the long-awaited altseason will materialize this year. Many analysts speculate that it won’t, as Ethereum and most altcoins continue to struggle, unable to reclaim bullish settings or establish a clear recovery trend.

Despite the bearish sentiment, there is still hope for a rebound, as on-chain data suggests potential bullish catalysts. Ali Martinez shared Santiment data, revealing that 330,000 Ethereum have been withdrawn from exchanges in the past 72 hours. This significant outflow could indicate that investors are moving ETH into private wallets, reducing immediate selling pressure and potentially setting the stage for a supply squeeze.

330,000 Ethereum have been withdrawn from exchanges | Source: Ali Martinez on X
330,000 Ethereum withdrawn from exchanges in 72H | Source: Ali Martinez on X

A supply squeeze occurs when the available supply of an asset on exchanges decreases, making it harder for sellers to push prices lower. If Ethereum continues to hold key demand zones and buying pressure increases, the reduced exchange supply could drive a strong recovery toward higher price levels.

Related Reading

Ethereum Holds Key Support Amid Volatility – Can Bulls Break $2.3K To Regain Momentum?

2 days ago

For now, traders are watching whether ETH can stabilize and reclaim critical resistance levels. If bulls regain momentum, Ethereum could start a recovery trend in the coming weeks. However, if selling pressure persists, another wave of downward movement remains a possibility, keeping the market on edge. The next few days will be crucial in determining Ethereum’s short-term direction and whether the recent exchange withdrawals signal a turning point for ETH.

ETH Price Testing Crucial Demand

Ethereum (ETH) is currently trading at $2,130 after days of struggling below the $2,500 level. The market remains under bearish control, with bulls unable to reclaim key resistance zones. As long as ETH stays below $2,300, bears continue to hold the upper hand, keeping selling pressure dominant.

ETH testing key demand levels | Source: ETHUSDT chart on TradingView
ETH testing key demand levels | Source: ETHUSDT chart on TradingView

For a recovery rally to take shape, bulls must defend the $2,100 level and push ETH back above $2,500. A decisive break past this resistance would signal renewed buying momentum, potentially shifting the market sentiment and triggering a stronger push toward higher prices. However, failure to reclaim these levels would prolong the current downtrend and leave ETH vulnerable to further declines.

The key level to watch is $2,000—losing this support could trigger a dramatic breakdown, leading to accelerated selling pressure and a potential drop into lower demand zones. This scenario would erase hopes of a near-term recovery, forcing Ethereum into a deeper bearish phase.

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Bitcoin Could Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level – Details

2 days ago

With ETH hovering near critical levels, traders are closely watching whether bulls can regain momentum or if bears will push prices lower. The next few days will be crucial in determining ETH’s short-term direction and whether it can escape its downward trend.

Featured image from Dall-E, chart from TradingView

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Sebastian Villafuerte
Sebastian Villafuerte

Sebastian Villafuerte

Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.

Read more

To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian's goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape.

To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.

Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance.

Sebastian's journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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