Ethereum Could Reclaim $2,700 As Key Data Signals Reduced Selling Pressure

Ethereum Could Reclaim $2,700 As Key Data Signals Reduced Selling Pressure

Ethereum (ETH) currently trades approximately 11% below its local highs of around $2,730. Investors are optimistic about a potential price surge in the coming days, driven by encouraging on-chain data. Key metrics from Glassnode indicate a decline in ETH inflows into exchanges, suggesting that investors are holding onto their assets rather than selling. This trend…