According to recent data, there has been a significant decrease in the amount of Ethereum held in centralized exchanges. Over the past nine days, approximately 1.09 million ETH, worth $2.9 billion, has been withdrawn from these platforms. Additionally, the Relative Strength Index (RSI) of ETH/BTC has reached an oversold level on the monthly time frame for the first time. These indicators, along with others, are signaling that the ongoing Ethereum downtrend may be coming to an end, and a recovery rally could soon begin.



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