Ethereum (ETH) Exchange Withdrawals Surge by 360,000 Coins, Preceding Bullish Price Swings

With macroeconomic elements and liquidity trends driving pricing activity, the central question is still whether the Ethereum exchange market's long-term value is being trusted or if this indicates wariness before a prospective downturn.

Within 48 hours, traders had moved a staggering 360,000 ETH out of the Ethereum exchange, sparking speculation about a potential shift in price trends. As traders migrate assets to private wallets, there is less sell pressure, hinting at bullish accumulation.

Usually, large outflows foreshadow a move toward accumulation, especially since traders transfer assets into cold storage in anticipation of future gains. This development arrives amid reports of rising institutional adoption and the expansion of Ethereum staking.

However, despite this bullish activity, Ethereum encountered difficulties in breaking through key price points. After briefly touching the $2,000 mark, ETH encountered selling pressure and pulled back, indicating ongoing market volatility.

To maintain a positive outlook, traders view this as a natural consolidation phase after the recent rally. They believe that persistent accumulation could provide support for a long-term price rise and help to reinforce a positive attitude.

But if selling pressure resurfaces, or if macroeconomic trends exert pressure, then ETH could encounter fresh volatility and pull back to retest the $1,970 support zone.

With inflation worries and Federal Reserve policy decisions affecting risk assets, macroeconomic circumstances are also quite important. Investors are closely watching whether Ethereum can maintain its momentum or whether profit-taking will trigger another market downturn. Let’s check the ETH price prediction to get an answer: can caution still be advised, or would Ethereum exchange trade outflows lead to a surge?

ETH Price Prediction: Can Caution Still Be Advised, or Would Ethereum Exchange Trade Outflows Lead to a Surge?

After passing important resistance near $1,990, Ethereum (ETH) is actually trading at $1,997 to reflect bullish momentum. There are several converging triangles created by the price action, which suggests a possible prolongation of the upward trend.

ETH might drive close to the psychological level of $2,010 if it holds above the breakout level. A good breach might clear the way to more ambitious targets around $2,030-$2,050.

Chart 1: Analysed by vallijat007, published on TradingView, March 22, 2025

With an RSI of 58, Ethereum seems to be moving toward overextended territory but still has room for more upside. Temporary reversals have followed earlier overbought situations; therefore, investors should be on the lookout for a possible slowdown.

With the signal line above zero and the MACD indicator reflecting bullish momentum, short-term hope is supported. If ETH drops below $1,990, a retesting of support close to $1,970 might follow. A breakdown under $1,950 would debunk the bullish case and result in a more severe correction.

Traders are carefully monitoring whether Ethereum can preserve its breakout or profit-taking will spur fresh downside pressure.