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Ethereum net outflows from exchanges jump to four-month high

Ethereum saw its largest net outflow from centralized exchanges in about 4 months, with roughly 169,770 ether leaving in a day, Santiment said. The move has raised expectations of a rebound as potential sell supply on exchanges may decline. Analysts cautioned the withdrawals alone do not confirm accumulation or a price bottom. Meanwhile, spot Ethereum ETFs continued to see net outflows, with cumulative net withdrawals topping $1 billion from Oct. 1 to 22, data showed.