Key Insights:
ETH price eyes a breakout toward $2,300 as ETF inflows and the RSI momentum strengthen.
ETH demand rises as over 31M coins leave exchanges, tightening available supply.
Coinbase Premium flips positive, signaling renewed U.S. investor demand for Ethereum.
ETH price has started to build momentum as whale accumulation kicked up a notch. Over 31 million ETH coins have been quietly withdrawn from exchanges, piquing the interest of investors and traders. Consequently, Ethereum has shaken off weeks of sleepy sideways action, drumming up bullish vibes as demand kicks into gear.
Ethereum price rose 2.7% in a single day on Thursday to hover around $2,157. This recovery follows a brutal stretch in which Ethereum shed over 60% from its 2025 peaks. Nevertheless, the tide has turned amid fresh accumulation pressure.
ETH Coinbase Premium Swings Positive as Exchange Reserves Dip
The Ethereum Coinbase Premium Index flipped positive, flashing green after months in the red. T
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