Ethereum is currently priced at 4,206 USD, emerging from the 2,400 USD range. The resistance level at 4,400 USD is essential for trend direction, indicating a pivotal moment for traders.
While on-chain signals indicate bullish trends, Binance’s Exchange Supply Ratio suggests increased selling readiness. The divergence creates uncertainty in short-term price action.
High leverage in futures trading poses risks, particularly near crucial resistance levels. Net outflows from exchanges signal a trend towards self-custody, yet some movements towards centralized platforms indicate mixed market sentiment.
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