Ethereum Exchange Outflow Surges Amid Price Rally

Ethereum’s exchange supply experienced a significant decline over the past month, falling from 18 million to 17.09 million ETH. This decrease of nearly 1 million ETH was accompanied by a dramatic price surge, with the asset climbing from $1,579 to reach almost $2,870 – a gain of over 81%. Analysts are observing this trend as potential bullish signal, highlighting reduced sell pressure and increased investor confidence.