📊 #Ethereum: Exchange Netflow (Total) – The analysis of all exchanges shows that $ETH outflows are increasing.

The chart illustrates the balance of net inflows/outflows on exchanges alongside Ethereum's price movement. The black line represents the price, while the green/red bars indicate the netflow (the amount of ETH entering/exiting exchanges).

Positive Netflow (Green Bars):

Periods when Ethereum experiences net inflows to exchanges.

Investors are sending their ETH to exchanges to sell: Potential selling pressure increases.

In the past, significant green spikes have often been observed before price declines.

Negative Netflow (Red Bars):

Periods when Ethereum is withdrawn from exchanges.

Investors are moving their $ETH to wallets/cold storage: A tendency to hold long-term, reducing selling pressure.

Notably, substantial outflows are evident before bull trends begin.

There were intense outflows (red netflow) from exchanges before the bull periods of 2017, 2021, and 2024.

In the bear market periods of 2018 and 2022, net inflows to exchanges increased, accelerating the price decline.

The Ethereum price is at $4,200.

Recently, the netflow data has been predominantly red (outflow direction). This indicates that investors are withdrawing their ETH from exchanges, meaning that selling pressure is low.

If this trend continues, we can say that the upward trend is supported.

In summary, while high inflows to exchanges (green spike) pose a risk of short-term correction/pullback, the increase in outflows from exchanges (red netflow) reduces supply, positively impacting the price.

According to the current outlook, the medium to long-term upward potential for Ethereum appears strong.

⚠️ #advertisement or investment advice. The analysis is my personal opinion. It does not guarantee certainty.