📢📢📢📢$ETH — outflow from exchanges is intensifying, selling pressure is decreasing
Over the past 7 days, ETH worth more than $1.2 billion has been withdrawn from centralized exchanges. The trend of net outflows continues and is gaining momentum since the beginning of May — a clear signal of accumulation and a decrease in selling pressure.
Major players seem to be transferring assets to cold wallets, anticipating further growth.
We are monitoring the dynamics — fundamental and on-chain signals indicate a bullish sentiment for Ethereum.