Two whale wallets withdrew 13,002 ETH, worth about $29.09 million, from FalconX and OKX. One wallet received 9,625 ETH from FalconX, while a newly created wallet withdrew 3,377 ETH from OKX. Despite these ETH exchange outflows, its spot netflow stood at around -$35.45 million, according to CoinGlass. The OI-weighted funding rate turned negative at -0.0097%, indicating increased demand for bearish exposure as ETH traded near $2,240. The $2,200 support level and the $2,300 resistance level remain key to a sustained recovery.
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