- Galaxy Digital’s $10.24M ETH withdrawal highlights market impact.
- Ethereum’s price dips to $2,736, with key support at $2,730 and resistance at $2,750.
- RSI at 44.58 suggests Ethereum is slightly oversold with MACD indicating possible decline.
Galaxy Digital recently pulled a sizable 3,735 ETH from Binance . This withdrawal, worth about $10.24 million, happened when Ethereum was trading at $2,740 per token. This move boosts Galaxy Digital’s Ethereum holdings on the blockchain to 63,984 ETH, a hefty $175 million.
As a result, Ethereum’s price saw some swings in the last 24 hours, reflecting the broader market. It climbed near $2,790 but then dropped back below $2,750. This upward movement, however, was short-lived as the price subsequently dropped, slipping below the $2,750 mark.
As at press time, Ethereum price is hovering around $2,736.12 , down by 0.52% over the past day. The market now exhibits signs of stabilization, though the downward pressure has not entirely dissipated.
Source: Coin
marketcap
Key support and resistance levels are important to understand where the price might go next. Ethereum currently has support at $2,730, a level it’s tested multiple times without breaking. If the price keeps dropping, the next major support is at $2,700, which could provide stronger resistance.
On the upside, Ethereum faces immediate resistance at $2,750. A break above this level could indicate a potential resumption of the earlier bullish trend. Furthermore, the recent high near $2,790 stands as a critical resistance point. Surpassing this level could lead to a continuation of the bullish trend, potentially driving the price higher.
