<ul><li>Ethereum has closed above the 200-period Simple Moving Average (SMA) on the 3-day chart, indicating strong upward movements historically.</li><li>Nearly 1 million ETH have been withdrawn from exchanges over the past month, reducing selling pressure and increasing investor confidence.</li><li>The combination of bullish technical crossover and decline in exchange supply suggests Ethereum may be gearing up for a breakout.</li><li>If Ethereum sustains above $2,700, it could lead to the next altcoin rally phase, with potential targets beyond $3,000.</li></ul>

Ethereum Signals Strong Bullish Momentum as Exchange Supply Shrinks

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