An intriguing shift is currently underway in the Ethereum market, with significant Ethereum ($ETH ) outflows from exchanges indicating a potential surge in bullish momentum that could propel its price towards the elusive $4,000 mark. Over the past week, a notable trend of negative net flows has emerged, meaning more ETH is being withdrawn from exchange wallets than deposited. This consistent exodus, amounting to a substantial -$140 million in just seven days, strongly suggests that buyers are actively accumulating ETH, outpacing sellers and creating a growing demand pressure. While a broader 15-day and 30-day view shows some positive net flows, indicating periods of deposits, the recent consistent negative trend is a powerful indicator that the market sentiment is turning increasingly bullish in the short term.
This sustained buying pressure, if it continues, could be the catalyst Ethereum needs to reignite its upward trajectory. Crypto analysts are closely watching key technical levels, with some, like Captain Faibik, highlighting the critical importance of bulls reclaiming the 200-Day Simple Moving Average (SMA), currently situated above $2,700. Should Ethereum successfully breach and hold above this pivotal level, it would signal a robust reversal and potentially open the path for a climb towards the $4,000 target. This move would not only signify a substantial recovery but also position Ethereum for further growth, building on its foundational role in the decentralized finance (DeFi) and broader Web3 ecosystems. The combination of strong on-chain accumulation and key technical breakouts could indeed set the stage for Ethereum's next major price rally.