• Ethereum sees over 230,000 ETH worth nearly $900 million withdrawn from exchanges, reflecting strong investor confidence.
• Historical trends suggest Ether’s cyclical pattern could drive prices toward $20,000 in the next bull rally.
• On-chain signals and investor behavior point to ETH gearing up for a powerful 2025 breakout.

Ethereum’s price has decreased recently, but large withdrawals from exchanges indicate investors still have faith in its future. Analysts believe Ether is preparing to make another powerful rally in the following cycle. Despite the short-term downfall, faith in its long-term growth remains strong.

At the time of writing, Ethereum (ETH) is trading at $3,828, marking an 11.51% decline in the past 24 hours. The ETH’s 24-hour trading volume surged to $125.41 billion, while its market capitalization currently stands at $462.65 billion.

Ethereum Investors Withdraw $900 Million

As noted by crypto analyst Ali Martinez, over 230,000 ETH, worth almost $900 million, were withdrawn from centralized exchanges within just 48 hours. Large exchange withdrawals normally indicate investors are withdrawing Ethereum to non-public purses, which indicates increasing confidence in its long-term prospects despite temporary volatility.

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Ethereum Cycle Signals Imminent Bullish Move

While another well-known analyst, CryptoELLTES, presented an analysis of Ethereum’s long-term price channel, he observed that the asset tends to follow a repeating pattern every few years.

While in 2017, ETH achieved its first significant all-time high (ATH), and a second record was attained in 2021, after bottoming out in 2022, Ethereum has been gradually increasing once more, indicating a cyclical recovery.

CryptoELLTES thinks that if the pattern repeats, ETH may be lining up for yet another major breakout in 2025. His forecast indicates that the value could test or even surpass the higher limit of the long-term channel, and perhaps send ETH higher than the $20,000 mark in the next bull run.

Though Ether’s recent correction has been a topic of concern, the spike in withdrawals and consistent accumulation from holders suggest that investors are still positive about its future direction. With the next bull run looming, Ether may be priming the grounds for another huge rally, a possible redefining of its standing in the larger crypto picture.

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