Ethereum recorded notable exchange inflows of 18.47 million USD, largely attributed to significant transfers from Ethena and B2C2. This influx indicates liquidity rather than selling pressure, with Ethereum stabilizing around 2,000 USD.
Current price dynamics suggest consolidation, with support at 1,800 USD and resistance at 2,261 USD. Derivatives traders on Binance maintain a bullish stance, although a crowded long positioning may elevate liquidation risks if prices drop.
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