#Ethereum price bottomed out? $1.8 billion in ETH flows out of exchanges, the largest outflow since 2022
Ethereum outflows have surged to their highest level since 2022. However, ETH prices must recapture the key weekly EMA level to confirm a potential bottom.
Ethereum's native token Ether
$2,008
The lowest weekly close since November 2023 highlights the extent to which the top altcoin has struggled over the past few months.
Over the past 83 days, it has fallen 51%, which equates to an average daily loss of about 0.61%. If the losses are compounded daily, the interest rate rises to about 0.84%.
