Ethereum CrossX Indicators Flashes Buy As Insitution Accumulates, Analyst Says Brace For $4,000
The Ethereum (ETH) CrossX indicator is signaling strong buy conditions, suggesting a potential price breakout toward $4,000. Institutional investors are accumulating ETH, with significant withdrawals from exchanges. A wallet linked to Cumberland DRW withdrew 27,632 ETH, valued at approximately $50.24 million, from platforms like Coinbase and Binance. This activity indicates a coordinated accumulation strategy rather than typical trading. Historically, such large withdrawals have preceded price surges by reducing sell-side liquidity. The CrossX indicator, which detects trend reversals, has issued its first buy signal in six months, often leading to significant price movements. Currently trading at $1,803, a rise to $4,200 would represent a 132.95% increase and approach Ethereum's all-time high of over $4,800.
