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On Sunday, Ethereum (ETH) decreased by 1.42%. ETH finished the week up 0.13% at $1,873, partially correcting a 4.81% loss from the previous Saturday. ETH avoided sub-$1,850 for the fourth session in a row despite the gloomy day.

ETH increased to a high of $1,937 in the early afternoon after a mixed morning. However, ETH dropped to a final-hour low of $1,871 after failing to pass the First Major Resistance Level (R1) at $1,992. ETH completed the session at $1,873, avoiding the First Major Support Level (S1) at $1,836.

Projections for Staking and Withdrawals sent conflicting signals

Despite positive levels, the staking data fell short of providing assistance.

Staking inflows jumped from 176,960 ETH on Saturday to 177,984 ETH on Sunday, according to CryptoQuant. The second-highest level of inflows since the Shapella improvement was attained.

ETH staking inflows helped the overall value staked rise despite the Sunday session's decline.

The withdrawal profile became more bearish over night. To test the willingness of buyers, principal withdrawals surged over an extended time. Projections, however, point to a recovery to normal levels, providing price support.

Staking inflows produced a positive net staking balance notwithstanding the negative withdrawal profile. On Sunday, there was a surplus of 163,120 ETH, or $310.46 million, in the net staking balance. In contrast to withdrawals of 28,930 ETH, deposits reached 192,050 ETH.

TokenUnlocks reports that there were 0.142 million ETH, or around $0.270 billion, in awaiting withdrawals.

The Coming Day

Investors should keep an eye on the withdrawal profile and staking data for guidance. Principal withdrawals are expected to revert to normal levels, and withdrawal estimates are positive for the morning session.

A return to a net surplus on TokensUnlock is a positive price indication, therefore investors should keep an eye on this number as well.

The crypto news wires will still have an impact, however. The SEC v. Ripple case court decisions are being awaited by the XRP community, and Binance and Coinbase (COIN)-related news must be taken into account. The announcement that Binance has temporarily stopped allowing BTC withdrawals caused ETH and the whole crypto market to decline on Sunday and this morning.

There are no US economic figures to sway this afternoon, so attention will be generated by Fed discussion instead.

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