<ul><li>Ethereum (ETH) has surged in value to levels last seen in mid-February 2025, with a 52% increase in price, reaching at least $2,730.</li><li>Investors have withdrawn over $1.2 billion worth of ETH from exchanges in the past week, indicating a trend of accumulating assets for long-term holding.</li><li>The surge in ETH price has shifted market sentiment from fear, uncertainty, and doubt to fear of missing out, leading to increased demand and decreased sell-side pressure.</li><li>Currently, more than 60% of ETH addresses are in profit, with on-chain analysts identifying key support levels between $2,060 and $2,420 for the cryptocurrency.</li></ul>

ETH Withdrawals Surge to $1.2B Weekly as Price Nears 3-Month High

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