The price of Ethereum (ETH) has been trading within a narrow range, similar to the overall cryptocurrency market. However, there has been a notable outflow of ETH from exchanges, indicating that investors are holding onto their ETH rather than selling it. This reduced selling pressure could potentially lead to a price rally towards the $4,000 mark. The altcoin's Relative Strength Index (RSI) is at 60.22, indicating steady demand and a moderately bullish zone. If buying activity increases, ETH could break out of its trading pattern and aim to reclaim its all-time high of $4,936. However, if selling activity rises, the price may drop to $3,388.



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