Ethereum (ETH) is experiencing intensified buying pressure, signaling a potential continuation of its upward price trend. According to CryptoQuant analysis, Ethereum's netflow 30-day Simple Moving Average (SMA) has reached -40,000 ETH, indicating significant accumulation. Burak Kesmece, a contributor to CryptoQuant, highlighted that the negative netflow SMA suggests strong buying activity is outweighing selling pressure. This imbalance often precedes further price appreciation. The analysis concludes that as long as this key indicator remains in negative territory, the upward trajectory of Ethereum's price is likely to persist. Traders and investors are closely monitoring this metric for confirmation of continued bullish momentum. Factors like increased institutional adoption and ongoing developments in the Ethereum ecosystem could further support this positive outlook. ```

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