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

  • Ethereum net flows have been mostly negative for the last week, suggesting bullish momentum building up for the price.
  • Currently, Coinglass data shows that Ethereum net flows have been skewing toward negative with a 24-hour net flow volume of -$182.86 million.
  • Over the past seven days, there have been more ETH leaving crypto exchanges than those going in, indicating stronger buying pressure.
  • If Ethereum net flows continue to remain negative, it could signal a rise in buying pressure, potentially pushing the price above $3,500 according to analyst Captain Faibik.

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