Ethereum Net Flows Turn Negative As Bulls Push For $3,500

Ethereum Net Flows Turn Negative As Bulls Push For $3,500
Ethereum net flows have been mostly negative for the last week, and a continuation of this suggests bullish momentum is building up for the price. These figures show how much buying and selling could’ve been going on and how investors are viewing the digital asset right now. Ethereum Net Flows Bounce Around Net flows refer to the difference in the number of coins entering or leaving crypto exchanges over a given period of time. If net flows are positive, then it means more ETH are flowing into crypto exchanges, which could point to sell-offs are investors take advantage of the price increase. However, if net flows are negative, then it suggests that more coins are leaving exchanges than those going in. Thus, it could point to buying pressure being higher than sell-offs. Related Reading: Analyst Says This Dogecoin And Shiba Inu Contender Could See ‘Impulsive Move’ Currently, Coinglass data shows that Ethereum net flows have been skewing toward negative for a while now. 24-hour net flow volumes show a -$182.86 million figure as more coins mo ..

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