The netflows of Ethereum have turned negative, with more than -60,000 ETH withdrawn from exchanges, which highlights a bullish shift in market sentiment.

In the last 24 hours, ETH has risen by 3% and is trading at 2,838 USD, following a recent recovery from a low of 2,633 USD.

The buyer-taker-sell ratio for Ethereum has surpassed 1, indicating an increasing interest from investors, especially in the U.S. Market, to accumulate ETH.