Ethereum Sees Over 220,000 ETH Pulled From Exchanges as $2,000 Price Level Faces Test

Ethereum has logged its largest exchange outflow since October, with more than 220,000 ETH withdrawn in recent days while the price trades between $1,800 and $2,000. On February 5, Binance alone saw daily net outflows of about 158,000 ETH, coinciding with a broader market pullback that pushed ETH down nearly 14% over the past week. Analysts are now closely monitoring the $2,000 threshold, warning that a breakdown could trigger a retest of last week's lows even as on-chain metrics suggest an accumulation phase.