$380M Worth of Ethereum Leaves Exchanges as Accumulation Trend Strengthens

$380M Worth of Ethereum Leaves Exchanges as Accumulation Trend Strengthens

Approximately $380 million worth of Ethereum (ETH) has been withdrawn from centralized exchanges over the past week, signaling a growing accumulation trend among investors. On-chain data suggests that the pace of ETH moving into private wallets is accelerating—a pattern often interpreted as a bullish signal for future price movements.

According to crypto analytics firm IntoTheBlock, ETH net outflows have reached $380 million in the last seven days. This suggests that selling pressure is decreasing, while investors are increasingly moving their holdings off exchanges, presumably for long-term storage. Historically, such trends have preceded upward price momentum in the market.

Currently, Ethereum is trading below the $2,000 mark, having found steady support above $1,800 in recent days. Technical indicators point to a potential shift towards a short-term bullish structure. However, the $2,000 level remains both a psychological and technical resistance point that ETH must overcome to confirm a breakout.

Crypto news outlet NewsBTC reports a split outlook among market analysts. Some expect ETH to rally strongly, citing the recent surge in exchange outflows and strengthening buying activity. Others caution that macroeconomic uncertainties and fragile investor sentiment could still pose risks of further downside pressure.

In the coming days, Ethereum’s ability to break through the $2,000 resistance is likely to serve as a critical inflection point—not only for ETH but for the broader altcoin market as well.