Ethereum Flows Out of Exchanges: SMA30 Strengthens in Negative Territory
1.2 Million ETH Outflow from Exchanges in Just One Month.
Lately, headlines like “100,000 ETH withdrawn from exchanges!” might catch your attention. But looking at single-day moves can be misleading — trends tell the real story.
The Ethereum All Exchanges Netflow metric shows the total ETH inflows and outflows across all exchanges.
Positive values = ETH inflows → Possible selling pressure.
Negative values = ETH outflows → Buying pressure dominates.
Looking at 2025 data, the SMA30 (30-day Simple Moving Average) has strengthened in the negative zone in recent weeks.
As of August 12, 2025, the SMA30 stands at -40K ETH, meaning an average daily outflow of 40,000 ETH over the last month.
When we factor in spot ETH ETF buying activity, it becomes clear why these outflows are so strong. The ETF effect is fueling buying pressure and pushing prices higher.
Conclusion:
As long as SMA30 stays in negative territory, the uptrend in Ethereum is likely to continue. Unless we see a shift into positive territory, this rally’s momentum could remain intact in the short term.
Written by burakkesmeci
