Ethereum's (ETH) price has been oscillating within a narrow trading range, mirroring the broader cryptocurrency market's consolidation phase. However, a significant outflow of ETH from exchanges has sparked hopes for a potential rally towards $4,000. On December 14, 108,521 ETH worth over $418 million was withdrawn from exchanges, the highest single-day outflow since March 13. This bullish indicator suggests reduced selling pressure and increased holding, which could drive prices higher.