Ethereum has seen a significant outflow of $3 billion from centralized exchanges since the approval of the spot Ethereum ETF in the U.S. This marks the lowest level of ETH reserves on exchanges in years. Analysts suggest this trend indicates a bullish sentiment among investors, who are opting for self-custody. The lack of selling pressure from Ethereum validators further limits supply, potentially driving up prices. The upcoming Ethereum ETF could trigger further price increases, though the impact of Grayscale’s Ethereum Trust remains uncertain. #Ethereum #CryptoMarket #ETF

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