The recent influx of over 150,000 ETH to exchanges has raised concerns about a potential sell-off of Ethereum. Such substantial inflows often indicate rising selling pressure as users may be looking to capitalize on recent price movements. Despite this, cryptocurrencies, including Ethereum, experienced gains following the Federal Reserve's interest rate cut. The price of Ethereum has been on a surge and if it continues to close higher, it would mark the fourth consecutive day of gains. The current selling pressure is being absorbed by the Ethereum price, with different strategies observed among ETH holders. Buyers need to keep the price above the 50-day SMA at $2,540 for a possible trend change, while $2,250 is a significant support level to watch for on the downside.



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