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Ethereum withdrawals plunge to 7-month low—will prices tumble below $2,000?

ETH withdrawals have plummeted, reflecting heightened bearish sentiments among traders. Withdrawals dropped to 59,755 coins, the lowest since August, while deposits rose by 10%, suggesting many are gearing up to sell, indicative of market anxiety.

As of now, ETH is priced at around 2,073 USD, gaining 3% this past week. The price faces resistance at 2,148 USD, but if bearish trends continue, it could decline to as low as 1,759 USD.

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