Ethereum (ETH) is leading in activity on decentralized exchanges (DEX), recording the highest net cash flow value in the last 24 hours. On-chain data shows that 166 million USD has flowed in, indicating that traders may be preparing for an upcoming price breakout.
This activity, combined with technical signals and market structure, is attracting the attention of analysts – who are closely monitoring the possibility of Ethereum moving towards the 2,500 USD mark.
Ethereum leads DEX cash flow as trader interest increases
Ethereum once again demonstrates its dominant position in the DEX ecosystem. According to the latest data, Ethereum recorded a net cash flow of 166 million USD into decentralized exchanges, far surpassing Arbitrum – the second blockchain with 93.91 million USD. Other blockchains like Sei, Base, and Optimism also recorded positive cash flow, but none reached the scale of Ethereum.
These cash flows indicate that traders are accumulating ETH at the current price level. Analysts see this as a signal that confidence is increasing. Meanwhile, some other blockchains are experiencing significant outflows. Notably, Bera saw 170 million USD withdrawn from its ecosystem, which may be a sign that investors are pulling capital out of risky assets or reallocating to stronger networks like Ethereum.
Ethereum's sustainable leading position in DEX cash flow is supported by deep liquidity, a large developer community, and a high level of application in dApps. These factors continue to attract capital flows, especially during times of market volatility.
RSI indicates recovery potential
Technical indicators show that Ethereum is currently in the oversold zone, according to the Stochastic RSI. Analyst cas_abbe's analysis indicates that this indicator is at the same market point as it was only three times before in recent history.
The market has previously witnessed price increases ranging from 90% to 155% after hitting oversold bottoms – events that occurred approximately every 3-4 months. According to cas_abbe, ETH could surpass the 3,400 USD mark in July or August 2025.
Stochastic RSI is a momentum indicator used in technical analysis. When a crossover occurs at the bottom of the scale, this indicator typically signals the potential for a trend reversal.
Although it does not provide a reliable signal about price movements, Stoch RSI is a widely used tool to predict the next direction of the market. The latest crossover indicates that bullish momentum is forming as buying pressure begins to become apparent. Trading volume confirms this trend, showing that the market has solid support.
ETH could break out to 2,500 USD
Technical indicators from Ethereum's 8-hour chart are showing the potential for a spectacular price breakout of this token. According to analyst WorldOfCharts1, Ethereum has successfully escaped from a descending price channel formed since January 2025 and is currently forming an accumulation pattern around the 1,900 USD level after breaking this threshold.
Technical analysis shows that such patterns often form after the market experiences strong movements, then enters a sideways phase to accumulate before continuing the old trend. In the case of ETH surpassing the resistance zone of 1,950–2,000 USD, the analysis chart indicates that the next target price levels will be 2,180 USD and 2,500 USD.
The decrease in spot trading volume may 'ease' selling pressure
The spot trading volume bubble chart provided by CryptoQuant, analyzed by expert Darkfost_Coc, shows that Ethereum's spot trading volume is showing signs of 'cooling down'. The chart uses bubble size to represent trading volume and color to indicate momentum.
Current data shows smaller green bubbles, reflecting decreasing trading volume along with a slowdown in transaction speed. In the current correction phase, this 'cooling down' phenomenon could help reduce price volatility and avoid forced liquidation of assets.
According to Darkfost_Coc, the decrease in spot trading volume could help stabilize the market, but it is not enough to confirm that the market has hit bottom. In previous downturns, the general trend was a gradual decline in trading volume leading to sideways price phases. ETH may form a recovery base if current conditions continue to be maintained.
