Ethereum fell 6% over the past week but closed above its 50-week moving average for the fourth consecutive week, a technically bullish signal. Analysts target levels between $2,640 and $5,000, with immediate resistance at $2,560-$2,570. One anonymous trader opened a $50 million long position on ETH with 25x leverage, while Bitfinex ETH longs surged 266%. However, spot ETH ETFs recorded over $540 million in outflows last week and nine consecutive red days, while exchange reserves hit a one-month high of 14.9 million coins.
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