Ethereum Net Flows Turn Negative As Bulls Push For $3,500 Ethereum ETH Price ETH News
Ethereum has seen predominantly negative net flows over the past week, indicating that more ETH is leaving exchanges than entering. This trend often signals growing bullish momentum, as it suggests investors are accumulating and holding rather than selling. These figures offer insight into recent buying and selling activity and reflect current investor sentiment toward the asset.
Ethereum Net Flows Bounce Around
Net flows represent the difference between the amount of cryptocurrency entering and leaving exchanges over a specific period. Positive net flows indicate more ETH is being deposited into exchanges, often signaling potential sell-offs as investors look to capitalize on price gains. Conversely, negative net flows mean more ETH is being withdrawn from exchanges, which typically suggests increased accumulation and buying pressure.
According to data from Coinglass, Ethereum net flows have been leaning negative for some time. Over the past 24 hours alone, net flows totaled -\$182.86 million, indicating a significant outflow of $ETH from exchanges during this period.
This trend has continued, with six of the last seven days showing negative net flows. This indicates that more ETH has been withdrawn from exchanges than deposited, signaling sustained buying pressure. Over this 7-day period, Ethereum’s net flows total -\$140 million, suggesting accumulation is currently dominant.
However, when looking at a broader timeframe, the picture changes. Over the past 15 days, net flows have turned positive at \$186.48 million, indicating a shift toward selling. This helps explain why Ethereum's price has remained relatively flat, even as Bitcoin reaches new all-time highs.
The 30-day data reinforces this longer-term selling trend. During this period, net flows have climbed to a positive \$483.54 million, showing that more ETH has been sent to exchanges—often a sign of increased sell-side pressure.
What Could Happen To Price If Net Flows Remain Negative
the Ethereum net flows continue to remain negative and even grow from here, then it would signal a rise in buying pressure. Once the buyers are able to outbid sellers, then the Ethereum price could begin to rally again.
As for how high the Ethereum price could go, crypto analyst Captain Faibik has explained that bulls are still struggling to reclaim the 200-Day Simple Moving Average at $27,000. Now, if they are able to capture this level and break out of it, the analyst sees the price rising above $3,500 in the near term.
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