Metalpha Withdrew 18,000 ETH Worth $48.5 Million From Binance as ETH Shows Pump Signs to $3,200

News

  • Metalpha withdrew 18,000 ETH worth $48,500,000 from Binance. 
  • Reputed analyst sees ETH price preparing to break the 200-day MA for the fifth time.
  • The price of ETH could soon pump to claim its next bull target at $3,200.

With Bitcoin’s smooth recovery following the Trump and Musk breakup, analysts are now certain that the crypto market is in a resilient and healthy state, meaning that the price of ETH could pump exponentially soon. Amid this realization, Metalpha withdrew 18,000 ETH worth $48.5 million from Binance just as an analyst notices ETH trying to break the 200-day MA for the 5th time. 

Metalpha Withdrew 18,000 ETH Worth $48.5 Million from Binance 

With Bitcoin having reclaimed its $110,000 price in a short time and inching closer to reclaiming its previous ATH prices, analysts are sure that BTC will soon hit new ATH prices. This has led to a shift in watching out for how ETH prices will react in the coming days ahead. Many expect the price of ETH to pump steadily and quickly, to reclaim its precious ATH prices as well. 

Presently, the price of ETH is sitting at the $2,700 price range, where it has been moving in a sideways movement for a few weeks now. Analysts expect ETH to hit its next bull target soon, and ETH holders are taking extra precautions not to leave their ETH on exchanges to be more in control of their assets. To highlight, institutional buying often ensures that their holdings are in a secure wallet. 

As we can see from the post above, Metalpha withdrew 18,000 ETH worth $48,450,000 from Binance. To highlight, Metalpha’s massive ETH pull stacks up as a classic bullish signal. It shows that big whales pulling off-exchange tend to front-run price surges, not dump. Alva analytics adds that on-chain volume and ETF flows both support the case: market’s seeing conviction buying, and social chatter is hyped on treasury strategies. 

Furthermore, with ETH leaping off $2,500 support, technicals are flashing green, but it is important to remember how one whale splash matters less than the trend of steady outflows and rising open interest. If this capital rotates into staking or DeFi, expect supply to tighten and sentiment to strengthen. Want the next-level breakdown of whale wallet flows or real-time ETF momentum? 

ETH Tries to Break the 200-Day MA for the Fifth Time

https://twitter.com/CryptoBullet1/status/1932218915070914990

Presently, ETH whales and institutional ETH holders would be inspired by this observation by a reputed analyst. As we can see from the post above, this analyst showcases how the price of ETH is trying to break the 200-day MA for the fifth time. The analyst also heavily implies that this breakout will likely come through, leading to a swift ETH price pump that’ll take the price of ETH to a new bull pump target at $3,200 soon.

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