Ethereum Surge Trigger $1B ETH Exodus as Altseason Near
Ethereum investors don comot almost 200,000 ETH wey worth almost $1 billion from centralized exchanges within 48 hours, clear the immediate selling pressure plus signal say strong accumulation dey. The token break out reach $4,900 all-time high recently, wey fill weekly CME futures gap, one kain technical barrier wey analysts dey see say e important before better rally fit happen. Institutional players, whales and retail traders dey boost spot and long ETH positions too, as Bitcoin holders dey rotate gains enter Ethereum. ETF inflows don also bounce back, support the wider market confidence. With exchange balances dey reduce, CME gap don close and demand dey grow, traders dey position themselves for incoming altseason wey Ethereum and other altcoins fit perform well pass.
Bullish
Di big withdraw of 200,000 ETH wey be almost $1 billion don reduce di on-chain selling pressure, e dey look like di bullish signals wey dey show wen Bitcoin flow comot from exchange before big rallys. To fill di weekly CME futures gap mean say one technical resistance don clear, wey usually necessary for market wey dey open 24/7 to sustain uptrend. Di accumulation from institutional, whales and retail, plus positive ETF flow and di BTC-to-ETH rotations together dey underscore say demand dey rise. Dis convergence of less supply for exchange and ETF inflow wey don start again don always come before big altcoin seasons, e dey support bullish view for both short term (momentum sabi) and long term (market rotation enter Ethereum and altcoins).