Approximately 140,000 ETH, valued at about $350 million, left cryptocurrency exchanges over 96 hours, according to analyst Ali Charts. The withdrawals could reduce the amount of ETH immediately available for selling, although the available figures do not identify the exchanges involved or whether the activity came from individual or institutional investors. Exchange-flow data also does not establish what happened to the tokens afterward, since withdrawn ETH may be transferred to private wallets or other services rather than held as a long-term investment.

Ethereum has struggled to hold gains above $2,500 after a sharp recovery. The $2,450-$2,500 range is identified as a key support area, while resistance stands between $2,550 and $2,650. A move below $2,450 could expose the $2,400 level, while renewed strength could put $2,650 and higher levels in focus.

Ethereum Withdrawals Reach $350 Million

Ali Charts reported that roughly 140,000 ETH was withdrawn from exchanges during the previous 96 hours. The tokens were worth an estimated $350 million. The analyst said the movement indicates that investors may be choosing to hold Ethereum instead of trading it. Ali Charts also said that declining exchange balances could reduce available selling pressure. The related post is available on X.

Michael van de Poppe also reviewed Ethereum’s recent price action. He described a sharp upward move followed by a successful retest of support. According to van de Poppe, Ethereum could continue moving toward its previous highs. He added that developments surrounding the Clarity Act could support stronger performance against Bitcoin.

ETH Exchange Flows Show Sharp Swings

The ETH spot inflow and outflow chart shows substantial changes between Sept. 10 and Sept. 15. Ethereum traded at approximately $2,380-$2,400 at the beginning of the period. The price later recovered toward $2,500 on Sept. 3, according to the chart description.

ETH subsequently moved sideways between roughly $2,450 and $2,520. On Sept. 10, the chart recorded two major negative netflows. One was approximately negative $300 million, while the other approached negative $290 million. Ethereum also declined toward $2,400-$2,420 during that session.

Netflows reversed sharply the following day, reaching approximately positive $130 million. That positive reading on Sept. 11 coincided with Ethereum’s rise toward $2,650. The rally then lost momentum, and ETH fell back toward $2,550.

Ethereum Faces Resistance After Recovery

Between Sept. 12 and Sept. 14, netflows remained mostly positive, with several readings ranging from $20 million to $50 million. Despite those inflows, Ethereum struggled to remain above $2,500. By Sept. 15, the price had declined to approximately $2,470-$2,480.

The chart identifies $2,450-$2,500 as the primary support area. A recovery would bring resistance near $2,550-$2,650 into focus, while a break below $2,450 could expose $2,400.