Ethereum (ETH) Price Retreats to $2,130 Amid Geopolitical Uncertainty and ETF Outflows
Key Takeaways Ethereum retreated to approximately $2,130 following a peak of $2,390 earlier this week BitMine Immersion acquired 60,999 ETH, expanding total reserves to 4.59 million ETH Large holders are exiting long positions and establishing short bets while smaller traders buy Spot Ethereum ETFs recorded net withdrawals totaling $192.1 million across two consecutive days Price filled the CME futures gap at $2,117, with significant buy support clustering near $2,100 Ethereum kicked off the week with impressive upward momentum, surging to $2,390—marking its strongest performance since the beginning of February. The rally was fueled by institutional accumulation, significant whale buying, and heightened activity in the derivatives market. Ethereum (ETH) Price Early this week, Ethereum treasury company BitMine Immersion (BMNR) announced the acquisition of 60,999 ETH, pushing its cumulative position to 4.59 million ETH. Simultaneously, open interest across ETH derivatives mar...