Ethereum CEX Outflows Signal Reduced Sell Pressure and Potential Upside

I see the continued trend of large Ethereum withdrawals from centralized exchanges — 148,700 ETH net outflow in the last 24 hours — as a meaningful reduction in immediate sell-side liquidity.

This flow pattern tends to lower available supply on exchanges and can support price upside if demand remains steady or increases. I remain attentive to on-chain distribution and whale behavior that could reverse the trend.

While the signal is bullish, I still watch for short-term volatility and confirmations from price action and derivatives (funding rates, open interest) before increasing exposure aggressively.