Over the past nine days, roughly 1.09 million Ethereum (ETH) have exited centralized exchanges. Ethereum price trades around $2,600, making the recent outflow worth $2.9 billion. Moreover, the RSI of ETH/BTC has hit oversold on the monthly time frame for the first time. These signs, and many more, suggest that the downtrend will end, and a recovery rally will begin.
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