Ethereum Outflows: Bullish Trend or Market Stability?
Ethereum Outflows: Bullish Trend or Market Stability?
Ethereum (ETH) has recently demonstrated a notable period of stability following a week marked by considerable volatility. The digital asset has successfully reclaimed the $4,100 price level, prompting market analysts to designate the $4,000 mark as a pivotal defense line for its valuation. Sustained bullish momentum above this critical support could conceivably trigger a significant upward trajectory in the near term, potentially enabling Ethereum to retest and surpass previous price ceilings. Further bolstering this cautiously optimistic outlook is a recent analytical report from CryptoQuant, which highlights a persistent trend of declining Ethereum supply held on spot exchanges. This phenomenon is frequently interpreted as a signal that a substantial portion of investors are actively transferring their ETH holdings off exchanges, opting instead for self-custody solutions or engaging in staking protocols. Such actions inherently diminish the available sell-side liquidity on centraliz…