Ethereum Set to Surge? 224K ETH Off-Exchanges Boost Confidence!
Ethereum, the second largest cryptocurrency to divide its market valueOver the past seven weeks, it has dropped sharply by 36%. This decline has attracted the attention of investors and traders, as there are fewer ETH holders now with profits. Negative sentiment has led many retailers to sell their tokens, and Ethereum is underperforming compared to other major specialties Cryptocurrencyquestions about their resilience are increasing.
However, in the downward trend, Ethereum has changed, and Ethereum has undergone a historic event that can shape its price journey in 2025. Between February 8 and 9, approximately 224,410 ETH were transferred to the exchange – marking the largest single-day net traffic of nearly two as reported by Santiment. This change in investor behavior shows that people are increasingly confident about the long-term value of Ethereum.
What does this mean for Ethereum?
When a large number of cryptocurrencies are moved away from exchange, it is often considered a bullish sign. When investors plan to hold assets for a long time, they tend to transfer their assets to their personal wallets, reducing the supply available for transactions. This creates less sales pressure, which can support price increases. At the time of outflow, ETH priced at about $2,850 and responded at a 3.5% rate to reach $2,950 in 24 hours.
Meanwhile, Ethereum’s trading volume on major exchanges such as Binance reached 1.2 million ETH, and the total sales volume on all platforms reached US$3.4 billion. This outflow also coincides with Bitcoin, as 10,000 BTC was transferred to the exchange, reflecting a broader trend in which investors choose to hold rather than sell.
Investor confidence in the rise
Interestingly, this large-scale movement is definitely the investor’s confidence in asset 2. It is worth noting that the number of active Ethereum addresses increased by 8% to 500,000, showing an increase in network activity. Investors appear to be optimistic about the long-term potential of Ethereum and may foresee upcoming developments or institutional interests. ETH reached negative sentiment after Trump announced his tariff rate plan and due to increased scrutiny of global ETH Staking Models. However, the market sees these events as short-term obstacles because they are confident in market stability once they are confident in their long-term potential.
- Please read also:
- Ethereum faces a surge in short lineups: Is ETH price targeting a bearish comeback?
- ,,,,,
Technical indicators support trends
From a technical perspective Prices of Ethereum The action looks promising. this Relative Strength Index (RSI) is at 65 years old, showing a motivation for health without being over-traded. this Moving average convergence difference (MACD) also shows a bullish crossover, suggesting a continued upward movement. Trading volume increased by more than 8%, while Bollinger said the volatility was rising and ETH prices hit the upper band.
Ali Martinez said on bullish call that Ethereum showed signs of a potential rebound, while the TD sequence indicator flashed the buying signal on both the weekly and daily charts. This suggests that ETH may have a possible bullish trend.
Never miss the beats in the crypto world!
Stay ahead with Breaking News, expert analysis and real-time updates to the latest trends like Bitcoin, Altcoins, Defi, NFTS, and more.
FAQ
Ethereum shows bullish signs as the main outflow of exchanges relieves sales pressure, while technical indicators indicate upward momentum.
ETH has an RSI of 65 years and a bullish signal from MACD, experts tend to buy, and further growth is expected if the momentum continues.
The historic 224K ETH outflow signal has strong investor confidence. If demand increases, Ethereum may soon break key resistance levels.