Ethereum forms $3,000 pattern as SHIB logs unusual exchange flows
- —A breakout above $2,474 resistance on ETH's 12-hour chart targets $3,000
- —Large holders withdrew over $300 million in ETH from exchanges to cold wallets
- —SHIB: $122,000 outflow from Binance and $156,000 from Coinbase, $199,000 inflow to OKX
- —SHIB trading volume on Bybit fell 64.49% to $603,000
Why it matters: An ETH triangle breakout could amplify SHIB volatility as a proxy asset for the ERC-20 ecosystem; key SHIB support is $0.00000500.
Source: U.Today