Ethereum Price Rebound Likely as 1.09M ETH Leaves Exchange Amid Oversold Conditions

Quick Summary:

Ethereum price trades around $2,600, making the recent outflow worth $2.9 billion.

Over the past nine days, roughly 1.09 million Ethereum (ETH) have exited centralized exchanges.

Moreover, the RSI of ETH/BTC has hit oversold on the monthly time frame for the first time.

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Article Details

Author / Journalist: Akash Girimath

Category: Crypto

Markets: India

Topics: ETH price Ethereum Price Analysis Ethereum price Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 05:16:22 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 26098394

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