Exchange ETH holdings hit a historic low, with 6 million tokens staked and moved to cold wallets. Selling pressure visibly eases. Is this breakout above 1680 just the beginning or a false breakout? Waiting for a pullback to buy the dip opportunity.

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CoinNetwork
CryptoWorld News reports that, according to CoinMarketCap data, Ethereum's price broke through $1,680 during Asian trading hours today, up 2.87% from the opening price of $1,628. During this period, Ethereum's exchange supply dropped to 14.5 million ETH, hitting a new all-time low. Since the end of 2023, over 6 million ETH have been withdrawn from exchanges, mainly flowing into staking contracts and private wallets. Market analysis shows that, despite early price pressure, Ethereum gradually recovered after a brief correction and maintained around $1,660 during midday trading.
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