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600K Ethereum Withdrawn From Exchanges in the Last 7 Days — How Will It Impact ETH?

  • Ethereum has experienced a decline in price, dropping by over 5.41% and trading at $2,066.
  • Over 600,000 ETH have been withdrawn from crypto exchanges in the last week, indicating reduced selling pressure.
  • The technical indicators of ETH confirm a persistent downtrend and the emergence of a death cross, raising concerns about further price volatility.
  • Ethereum's daily trading volume has increased by over 120%, but indicators such as Chaikin Money Flow and Bull Bear Power suggest a substantial bearish tone.

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