🏦 ETH Demand Rises Among Institutions — Chart Signals Strength Ahead
Ethereum's price has been strong in recent weeks, giving investors cautious confidence. Last week, the asset traded around $4,700, close to its 2021 all-time high of $4,878 before dropping to $4,633.
According to CoinMarketcap, Ethereum is up about 30% over the last month despite this drop, putting most investors back in profit.
In addition to price changes, analysts watch exchange data for market sentiment. PelinayPA, a CryptoQuant QuickTake contributor, investigated Ethereum exchange netflow trends.
This indicator shows if more ETH is entering or leaving exchanges, indicating selling pressure or long-term accumulation.
Exchange Netflow Indicates Lower Selling Pressure
Recent netflows imply Ethereum investors are pulling coins from exchanges, according to PelinayPA. Historical data shows that large inflows and ETH transfers to trading platforms generally anticipate market corrections as investors prepare to sell.
Previous outflows before bull market spikes indicate confidence in keeping or long-term storage. “In 2017, 2021, and 2024, strong exchange outflows occurred just before major uptrends,” PelinayPA said.
ETH is departing exchanges due to constant negative netflow. This lessens immediate selling pressure and encourages bullish momentum.
Inflows may still cause short-term pullbacks, but the outflow-dominant scenario implies Ethereum has tremendous medium- to long-term upside potential, the analyst observed.
The price behavior matching these signs indicates a market that favors accumulation over distribution.
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