Ethereum Bearish Signal: Netflows Turn Sharply Positive
On-chain data shows the Ethereum netflows are sharply turning positive, a sign that could prove to be bearish for the crypto. Ethereum Exchange Reserve Rises As Netflows Become Positive As pointed out by an analyst in a CryptoQuant post, exchanges have observed net ETH inflows recently, swelling up their reserves. The “all exchanges netflow” is an indicator that measures the net amount of Ethereum moving into or out of wallets of all exchanges. The metric’s value is calculated by taking the difference between the inflows and the outflows. When the value of the indicator....
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On-chain data shows Bitcoin netflows have increasingly become negative since the crash, meaning investors have been buying the dip. Bitcoin Netflows Becoming More Negative Since The Crash As pointed out by an analyst in a CryptoQuant post, BTC netflows have started to turn more negative since the crash a few days back. The “all exchanges […]
Ethereum price traded sharply lower yesterday against the USD and BTC, but later found support and recovered a lot to set a positive tone. Key Highlights. ETH price nosedived yesterday against the US Dollar and Bitcoin, and later bounced back sharply. Yesterday’s highlighted two bearish trend lines on the hourly chart (data feed via SimpleFX) of ETH/USD were broken to ignite gains. The price recovered sharply, which is a positive sign, and may boost the ETH in the short term. Ethereum Price Recovery. ETH price was under a lot of bearish pressure against the US Dollar, which ignited a sharp....
On-chain data suggests this signal that has historically occurred around Ethereum peaks has yet to appear in the current cycle. Ethereum Foundation Wallets Haven’t Made Large Outflows This Cycle So Far In a new post on X, the market intelligence platform IntoTheBlock has discussed a pattern that Ethereum has witnessed alongside its previous market peaks. The pattern in question is related to the netflows for the wallets associated with the Ethereum Foundation. The ETH Foundation is a non-profit entity supporting the cryptocurrency and its ecosystem. Related Reading: Shiba Inu,....
Ethereum netflows seem to be negative across all exchanges right now, as exchange reserves continue their downward trend. Ethereum Reserves On A Downtrend As pointed out by a CryptoQuant post, ETH reserves continue with a downward trajectory. The all exchange netflows are also very red. The Ethereum all exchanges reserve is an indicator that shows […]
Ethereum classic price gained heavy bids once it traded below 0.00185BTC and bounced sharply during the past few hours. Key Highlights. Ethereum classic price made a new low against the Bitcoin, and then managed to recover sharply. There was a bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx), which the buyers managed to clear recently. The price is now back above the 0.00200BTC resistance and trading with a positive bias. Ethereum Classic Price Upside Move. Ethereum classic price was under a lot of pressure yesterday versus the Bitcoin, as it traded below the....