More than 116,000 Ether withdrawn from exchanges in 48 hours

  • Ali Martinez reported more than 116,000 ETH withdrawn from exchanges in two days.
  • Withdrawn ETH was worth roughly $300 million, while weekly ETF inflows reached $218.41 million.
  • Martinez identified $2,700 and $2,822 as successive targets above ETH’s $2,530 range ceiling.

More than 116,000 Ether worth roughly $300 million left cryptocurrency exchanges in two days, according to analyst Ali Martinez. The withdrawals reduced ETH immediately available for trading, though such transfers can reflect staking, custody or other purposes rather than accumulation. ETH has traded between $2,370 and $2,530 since breaking higher in late August, and Martinez said an hourly close outside that range could confirm its next direction. He identified $2,700 and $2,822 as successive upside targets, with $2,822 representing a major supply zone, while $2,475 is a key support area. Ethereum ETFs also recorded $218.41 million in net inflows during the past week, taking two-week inflows above $1 billion.

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