Over 116,000 ETH, worth approximately $300 million, left crypto exchanges in just two days, reducing the supply immediately available for selling. Ethereum is currently attempting to break above the $2,500 threshold, after oscillating between $2,370 and $2,530 since late August. Analyst Ali Martinez expects that if the price breaks through $2,530, the next target would be $2,700, followed by $2,822. The support level around $2,475, where roughly 2.86 million ETH have previously changed hands, remains crucial for maintaining the upward trend. Additionally, Ethereum ETFs recorded net inflows exceeding $1 billion over the past two weeks.
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