Ethereum’s Price Climb: Is a Bullish Wave Brewing?

Ethereum (ETH) has experienced significant price shifts in recent weeks, prompting discussions about its potential for a new rally. While the price dipped below $4,400 after reaching an all-time high of nearly $5,000 in August, indicators suggest that bullish sentiment might be returning. A record withdrawal of 500,000 ETH (worth over $2.1 billion) from exchanges and a surge in self-custody holdings are driving this optimism. Analysis suggests that investors are shifting away from centralized platforms, potentially reducing the immediate selling pressure.