$1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal
Ethereum has reached a new local high of $2,739, marking a significant recovery after earlier pressures this year. The current rally indicates strong bullish control as the crypto market revives and capital flows return to altcoins. Analysts predict a potential altseason, driven by Ethereum's strength against Bitcoin and increasing investor confidence. Data shows $1.2 billion worth of ETH withdrawn from centralized exchanges in the past week, suggesting ongoing accumulation and reduced sell-side pressure, which are positive indicators for long-term bullish momentum. Ethereum is now above the critical $2,600 level and is approaching the next resistance zone between $2,900 and $3,100. If bullish trends continue, Ethereum could catalyze broader altcoin market growth.
