ETH Holds Steady Amid Record-Breaking Exchange Exodus

The Ethereum price prediction remains bullish above $2,410, which is crucial for maintaining this month's rally. The level of support tied to the 20-day EMA closely aligns with the channel's lower boundary at $2,410.

This week saw a record-breaking exchange outflow of $2.48 billion, with Ethereum being the most affected asset. Despite this significant exodus, the price has remained relatively stable, trading near $2,469.61 and up 1.32% today.

The rising channel that contains price since the mid-August breakout from $1,900 is still intact, but its lower boundary at $2,410 is a key level to watch if the current bounce fades. The Bull Bear Power indicator sits at 3.92, indicating a positive sentiment but not overwhelmingly bullish.