Ethereum net flows have been mostly negative for the last week, and a continuation of this trend suggests bullish momentum is building up for the price. These figures illustrate the sentiment in the market, revealing how investors are currently viewing this digital asset.
Ethereum Net Flows Bounce Around
Net flows represent the difference between the number of coins entering or leaving crypto exchanges over a specified period. When net flows are positive, it indicates that there are more ETH entering exchanges, which could suggest that investors are taking profits during a price increase. Conversely, negative net flows imply that more coins are leaving exchanges than entering, suggesting that buying pressure is outweighing selling activity.
As it stands, Coinglass data indicates that Ethereum net flows have predominantly been negative lately. Specifically, the 24-hour net flow volumes report a figure of -$182.86 million, reflecting that more coins have been withdrawn from crypto exchanges during this timeframe.
This negative trend has been consistent, with six out of the last seven days showing negative net flows. Hence, there has been more ETH flowing out of exchanges than flowing in, underscoring a prevailing buying trend. In total, net flows for Ethereum over this week amount to -$140 million.
Looking at a longer timeframe of 15 days, investors have shown a greater tendency toward selling, leading to a positive net flow of $186.48 million. This could explain why the Ethereum price appears suppressed even as Bitcoin reaches new all-time highs.
The 30-day view reveals an even more pronounced trend, with substantial deposits resulting in a total net flow of $483.54 million during this span.
What Could Happen To Price If Net Flows Remain Negative
Should Ethereum’s net flows continue to trend negative—and potentially deepen—this could signal heightened buying pressure. If buyers succeed in outpacing sellers, the Ethereum price could embark on an upward trajectory.
As for potential price points, crypto analyst Captain Faibik has noted that bulls are currently struggling to reclaim the 200-Day Simple Moving Average at $27,000. Assuming they manage to breach this level, the analyst anticipates a price increase beyond $3,500 in the near future.
