🏦 Institutions Are Eyeing ETH — Charts Hint at Strength Ahead
Ethereum has been flexing 💪 lately, giving traders more confidence. Last week, ETH hovered around $4,700, just shy of its 2021 ATH ($4,878) before dipping to $4,633.
📈 Over the past month, ETH is up ~30%, per CoinMarketCap — putting many holders back in profit ✅.
🔎 Beyond price, analysts track exchange flows to gauge sentiment. PelinayPA (CryptoQuant QuickTake) dug into Ethereum’s exchange netflow trends.
🔥 Key Takeaway: Lower Selling Pressure
Netflows show more ETH 🚪➡️🏦 leaving exchanges than entering.
Historically, big inflows = traders preparing to sell & possible corrections 📉.
Meanwhile, outflows = holders confident, moving ETH to cold storage for the long haul 🏦🔒.
📜 PelinayPA notes: “In 2017, 2021, and now 2024, strong outflows appeared just before major bull runs 🚀.”
👉 Current constant negative netflows = less selling pressure, more bullish momentum.
Yes, inflows may spark short pullbacks ⏳,
But the dominant outflow trend signals huge upside potential in the mid- to long-term 🌙✨.
ETH price action is lining up perfectly with this trend: accumulation > distribution 🐂.
#ETHInstitutionalFlows #CryptoRallyn #ETH #BTC #xrp $ETH
