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Key Takeaways
- Exchange reserves hit their lowest dataset reading as withdrawals accelerate.
- This is the third test of $1,600 support since 2023.
- TD Sequential 9-count printed directly inside the key support zone.
- Weekly volume hit its highest reading in the entire chart period.
Ethereum printed a weekly low of $1,505 before recovering to $1,631 at time of writing, a 4.5% intraday gain that brings price back above the $1,600 level. The weekly candle opened at $2,004 and peaked at $2,018 before the week’s selling took hold, producing an 18.58% weekly decline.
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