Ethereum is currently testing a critical support level at $3,400, indicating a potential market sentiment shift. This retracement aligns with Bitcoin's dip below $96,000, prompting significant financial movements from prominent holders and institutions.
This activity could lead to further price discoveries, as Ethereum's technical landscape continues to unfold. The observed relocation of $370 million to exchanges points towards strategic adjustments by various stakeholders.
Investors are keeping a close eye on this situation, as the outcomes may provide insights into future market directions.
