Ethereum Bottom Might be In: Analysts See the Final Shakeout
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Ethereum realized profits jumped to $74.58 million—the highest in three weeks—while ETH slid about 5.5% over the past three days as traders who accumulated below $2,000 took profits. Binance ETH deposit activity surged to nearly 9,000 addresses (the highest in over a year), producing sell pressure around $2,200–$2,260 that analysts term a possible final shakeout rather than a larger breakdown, indicating distribution risk for ETH and short-term market weakness in crypto and CEX flows.
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- Ethereum realized profits jumped to $74.58 million, the highest level in three weeks.
- Binance ETH depositing addresses surged to nearly 9,000, reaching a yearly high.
- Analysts say traders who accumulated ETH below $2,000 are now taking profits.
Ethereum is facing increasing sell pressure near the $2,200 to $2,260 range, but several analysts believe the current move may be closer to a “final shakeout” than the start of a larger breakdown.
Santiment data showed Ethereum network realized profits surged to $74.58 million, the highest level in three weeks, even as ETH dropped roughly 5.5% over the last three days.
At the same time, CryptoQuant reported a major spike in Binance deposit addresses, with the metric jumping sharply to nearly 9,000 ETH. The move marked the highest exchange deposit activity in more than a year.
Together, the data points to heavy distrib…
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