Ethereum exchange net outflows hit a four-month high, with the market focusing on the key $2,400 level.

Ethereum exchanges saw a net outflow of approximately 169,800 ETH, marking the highest single-day outflow in four months. A previous net outflow of approximately 223,800 ETH occurred on June 5th, when the ETH price hit its lowest point since April 2025. Currently, $2400 is the immediate pivot point; a sustained recovery above $2500 would support the bottoming view, while a drop below $2330 would weaken this view. (Santiment)