Is Ethereum Ready for a Price Surge? CryptoQuant Reveals Bullish Signals

Despite Bitcoin breaking its 2021 all-time high, Ethereum (ETH) has yet to surpass its previous record. However, recent signals suggest ETH could be entering a bullish phase. CryptoQuant analyst highlights this potential shift by observing an unusually large outflow of ETH from Binance just before the price surge past $1,900. This event aligns with historical precedents where significant withdrawals preceded substantial price rallies, potentially indicating increased institutional involvement in the market.