Ethereum Accumulation: $1.2 Billion Outflow from CEXs Signals Bullish Momentum

Analysis of Ethereum transaction data suggests a buildup of assets, as over $1.2 billion in Ether was withdrawn from centralized exchanges (CEXs) within the past seven days. This trend of net outflows indicates investor activity may be driven by accumulation and reduced selling pressure. The sustained pattern of withdrawals intensified after early May, according to data provided by Sentora, a crypto market analytics platform.