Ethereum Sees $1.4 Billion In Exchange Outflows This Week – Strong Accumulation Trend?

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Ethereum Sees $1.4 Billion In Exchange Outflows This Week – Strong Accumulation Trend? - NewsBTC

Quick Summary:

Analysts are closely monitoring whether these accumulation trends can offset the bearish momentum and spark a recovery in the coming weeks. With Ethereum trading near critical support levels, the next moves will be pivotal in determining the direction of its price in 2025.

Related Reading: Bitcoin Faces Major Deleveraging – Analyst Explains Price Crash Below $100K According to data from IntoTheBlock, Ethereum saw significant outflows from exchanges this week, with net outflows surpassing $1.4 billion—the highest level since November.

The coming sessions will be pivotal as Ethereum navigates these key levels. Related Reading: Key Metrics Reveal Bitcoin STH Support Levels Around $89K–$86K – Is BTC At Risk?