Ethereum hits a critical zone - Will buyers finally step in?
Ethereum Ethereum hits a critical zone – Will buyers finally step in? Bitcoin Ethereum News Ethereum [ETH] was testing the $2,095–$2,138 Fibonacci golden zone at press time after a recent selling spree. Rising whale supply on exchanges suggests profit-taking, but a sharp drop in withdrawals points to shifting holder behavior. Price drifts into a technically critical zone ETH‘s recent pullback has brought its price into the $2,095–$2,138 range—a zone under market players’ radar in anticipation of potential reversals. The zone aligns with the Fibonacci golden range, which tends to attract buyers when the broader structure remains intact. The move into this range followed a normal curve and has not been abrupt. The price action reflects a controlled correction following earlier gains, which keeps the broader trend from turning outright bearish for now. Source: TradingViewExchange flows reveal mixed signals Since the 5th of May, the share of supply sitting on exchanges has climbed noticeably. That shift typically indicates a profit-taking phase, as sellers lock in some profits, courtesy of the recent bearish push from $2400. Most investors and institutional players are reducing their exposure as they await clear trend confirmations. At the same time, the pace of withdrawals has dropped sharply over the past 24 hours. The number of withdrawal transactions from the