Ethereum Outflows Increase, Staking Activity Declines: Analysis

Despite the positive price movement, the overall trend for Ethereum remains bearish as indicated by the outflow of ETH from exchanges and the decline in new stakes for staking. The anticipation of a potential rally post-BTC halving seems to be driving the sentiment among holders, leading to more withdrawals from exchanges.

As the cryptocurrency market continues to evolve, it will be interesting to see how Ethereum navigates these challenges and whether it can sustain its recovery in the coming weeks.

Stay tuned for more updates on Ethereum and the broader crypto market as the landscape continues to shift.