Ethereum holds below $2,700 as profit-taking rises and ETF inflows slow
- —ETH exchange reserves rose by roughly 125,000 ETH since Friday, CryptoQuant data show
- —Realized profits topped $222 million on Friday before selling pressure eased
- —Coinbase Premium Index fell to -0.0483, its lowest in nearly two weeks
- —Liquidations over 24 hours hit $56.64 million, including $32.24 million in shorts
Why it matters: Rising exchange reserves and slowing ETF inflows point to near-term selling pressure; a break above $2,786 would open the way to $2,894.
Source: Invezz