Ethereum (ETH) bullish signals have arrived!
#ETH Recently dropped by 8%, but the amount held on centralized exchanges has fallen to a historical low of 8.7%, with whales continuing to accumulate coins 💎, and selling pressure easing. Spot #以太坊ETF also absorbed $209 million in funds last week, indicating a recovery in institutional demand.
The weekly chart shows that ETH is forming a multi-year inverse head and shoulders pattern, breaking through the 50-day moving average, with the RSI strengthening 📈. The short-term target is $3600 (up about 15%), with support below at $2760.
The consolidation phase may be ending, and bulls are quietly accumulating strength ⚡
