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Ethereum Cost Basis Distribution Trends Downward – What Does This Mean For ETH?

  • Investors' sentiment in Ethereum appears to be improving.
  • Ethereum's Cost Basis Distribution (CBD) metric shows a downward trend, indicating accumulation of ETH by investors during price drops.
  • Large outflows of ETH from exchanges suggest a potential bullish sentiment change and decreased selling pressure.
  • Market technician predicts a major rally to new all-time high for ETH in the coming weeks.

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