$2.7 Billion Ethereum Exodus from Binance Sparks Unseen Rally – Is Now the Moment to Strike?
Ever wonder if Ethereum is just catching its breath or gearing up for another sprint? It’s like watching a seasoned boxer after a fierce round—steady, composed, and guarding its ground with determination. Right now, ETH is holding strong above its 20-day EMA around $4,375, showing resilience despite a few nudges downward. That cooling-off period after a powerhouse August rally isn’t a sign of weakness; it’s more like digesting a hearty meal before the next big move. The bullish momentum remains intact as long as buyers keep defending that crucial $4,300 to $4,375 support zone. So, is ETH simply pausing to refuel, or is it quietly plotting its next big leap? Let’s dive deeper. LEARN MORE
Source: CryptoQuant
ETH steadies above support levels
Source: TradingView
The RSI showed neutral momentum. Meanwhile, the 50, 100, and 200-day EMAs trended upward; so the broader structure remains bullish.
This cooling-off phase indicates that ETH is digesting gains rather than breaking down, keeping bulls in control as long as the $4,300-$4,375 support range holds firm.
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