Massive Ethereum Outflow Raises Questions About Market Direction

Ethereum has seen a significant withdrawal of 200,000 ETH in the past two days, marking a notable drop in exchange holdings and raising questions about market activity. This surge follows consistent outflows from exchanges, suggesting a potential shift towards private wallets. Data reveals a sharp decline in total Ethereum held on centralized platforms, reaching its lowest point in recent weeks. The timing of this withdrawal coincides with rising ETH prices and increased trader interest in dips.