<ul><li>Recent on-chain data indicates a bullish signal for Ethereum as $1.2 billion worth of ETH has been withdrawn from exchanges.</li><li>The Ethereum Exchange Netflow has remained negative, suggesting investors are pulling their coins away from exchanges for long-term holding, reducing sell-side pressure.</li><li>This trend of net outflows, totaling $1.2 billion, signifies continued accumulation of Ethereum and decreased selling pressure.</li><li>Despite the bullish development, the Market Value to Realized Value (MVRV) Ratio indicates that recent buyers are in significant profit, potentially slowing down the rally until the ratio normalizes.</li></ul>

Ethereum Bullish Signal: $1.2 Billion In ETH Leaves Exchanges

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