- ETH has remained in the $3,200 price range.
- Its RSI showed it was in a bear trend.
Ethereum [ETH] has experienced some price declines recently. However, during this period, there was a noticeable increase in the volume of large transactions.
Data analysis revealed whether this surge in transaction volume was primarily oriented toward buying or selling.
Ethereum sees large transactions
Recently, Ethereum’s large transaction volume reached a monthly peak, exceeding $11.8 billion, according to data from IntoTheBlock.
This spike set the highest level for the month and marked the most significant activity in over two months, the last occurrence being around May.
Currently, the volume has decreased to approximately $3.5 billion. This surge in large transactions coincided with the approval of Ethereum-based Exchange Traded Funds (ETFs).
The approval likely spurred increased activity as institutional investors engaged in substantial trading of the asset.
Source: IntoTheBlock
The approval of ETFs generally indicates growing institutional acceptance. It can lead to heightened trading volumes as these entities participate in the market.
What direction is the Ethereum volume going?
The analysis of Ethereum’s exchange netflow for the month, based on data from CryptoQuant, indicates a predominance of positive netflows.
This suggests that more Ethereum (ETH) has been transferred into exchanges than out. This trend typically indicates the preparation of holders to sell their assets.
Also, the dominance is evidenced by spikes in these positive netflows observed throughout July.
Source: CryptoQuant
As of the latest data, the netflow is close to 2,000, highlighting a recent balance between inflows and outflows.
However, throughout the month, the dynamics have been more volatile; the highest recorded outflow was around -43,000, signifying a substantial withdrawal of ETH from exchanges in a single day, while the highest inflow exceeded 125,000.
ETH sees further drops
Ethereum has been experiencing a downtrend in recent days. According to analysis from AMBCrypto, ETH traded at approximately $3,249 on July 27th, with a decline of less than 1%.
The downward trend has persisted, albeit slightly, with ETH currently trading at around $3,224.
Source: TradingView
Read Ethereum (ETH) Price Prediction 2024-25
Notably, the long moving average (represented by the blue line on the chart) continues to act as a support level.
However, the proximity of the current price to this moving average suggests that Ethereum is close to breaking below this critical support, which could indicate a potential shift in the longer-term market trend.
- ETH has remained in the $3,200 price range.
- Its RSI showed it was in a bear trend.
Ethereum [ETH] has experienced some price declines recently. However, during this period, there was a noticeable increase in the volume of large transactions.
Data analysis revealed whether this surge in transaction volume was primarily oriented toward buying or selling.
Ethereum sees large transactions
Recently, Ethereum’s large transaction volume reached a monthly peak, exceeding $11.8 billion, according to data from IntoTheBlock.
This spike set the highest level for the month and marked the most significant activity in over two months, the last occurrence being around May.
Currently, the volume has decreased to approximately $3.5 billion. This surge in large transactions coincided with the approval of Ethereum-based Exchange Traded Funds (ETFs).
The approval likely spurred increased activity as institutional investors engaged in substantial trading of the asset.
Source: IntoTheBlock
The approval of ETFs generally indicates growing institutional acceptance. It can lead to heightened trading volumes as these entities participate in the market.
What direction is the Ethereum volume going?
The analysis of Ethereum’s exchange netflow for the month, based on data from CryptoQuant, indicates a predominance of positive netflows.
This suggests that more Ethereum (ETH) has been transferred into exchanges than out. This trend typically indicates the preparation of holders to sell their assets.
Also, the dominance is evidenced by spikes in these positive netflows observed throughout July.
Source: CryptoQuant
As of the latest data, the netflow is close to 2,000, highlighting a recent balance between inflows and outflows.
However, throughout the month, the dynamics have been more volatile; the highest recorded outflow was around -43,000, signifying a substantial withdrawal of ETH from exchanges in a single day, while the highest inflow exceeded 125,000.
ETH sees further drops
Ethereum has been experiencing a downtrend in recent days. According to analysis from AMBCrypto, ETH traded at approximately $3,249 on July 27th, with a decline of less than 1%.
The downward trend has persisted, albeit slightly, with ETH currently trading at around $3,224.
Source: TradingView
Read Ethereum (ETH) Price Prediction 2024-25
Notably, the long moving average (represented by the blue line on the chart) continues to act as a support level.
However, the proximity of the current price to this moving average suggests that Ethereum is close to breaking below this critical support, which could indicate a potential shift in the longer-term market trend.
Узнайте, как найти лучшие промокоды. http://www.free-promocode.ru .
how to buy clomiphene without dr prescription can you get generic clomiphene without rx clomiphene generic cost of clomiphene no prescription can i buy generic clomid no prescription cost cheap clomid online order cheap clomiphene
This is the make of enter I turn up helpful.
This is a theme which is near to my heart… Diverse thanks! Exactly where can I find the connection details in the course of questions?
buy zithromax tablets – order tinidazole online metronidazole order online
purchase rybelsus online – how to buy semaglutide generic periactin
purchase motilium online cheap – order tetracycline 250mg pill buy cyclobenzaprine 15mg generic
buy clavulanate without prescription – https://atbioinfo.com/ ampicillin medication
esomeprazole 20mg brand – nexium to us buy nexium tablets
order medex online – https://coumamide.com/ losartan 25mg generic
meloxicam 15mg over the counter – moboxsin.com mobic 7.5mg tablet
prednisone 5mg tablet – allergic reactions prednisone where to buy
ed pills for sale – https://fastedtotake.com/ buy ed pills generic
buy amoxicillin pills – combamoxi.com buy amoxicillin no prescription
buy cenforce 50mg generic – https://cenforcers.com/ buy cenforce pill
vardenafil tadalafil sildenafil – https://ciltadgn.com/ tadalafil how long to take effect
zantac 300mg pill – https://aranitidine.com/ ranitidine 150mg usa
cialis overnight shipping – https://strongtadafl.com/# cialis for daily use cost
With thanks. Loads of conception! gnolvade.com
order viagra ireland – https://strongvpls.com/ viagra buy canada
This is the stripe of topic I take advantage of reading. purchase prednisone
I am in point of fact thrilled to coup d’oeil at this blog posts which consists of tons of profitable facts, thanks towards providing such data. https://ursxdol.com/prednisone-5mg-tablets/
This is the compassionate of writing I rightly appreciate. https://prohnrg.com/product/omeprazole-20-mg/
More posts like this would bring about the blogosphere more useful. https://aranitidine.com/fr/lasix_en_ligne_achat/
This is the kind of topic I take advantage of reading. https://ondactone.com/spironolactone/
More posts like this would make the online elbow-room more useful.
order zantac 300mg online cheap
I’ll certainly bring to be familiar with more. https://myrsporta.ru/forums/users/xcizp-2/
dapagliflozin over the counter – click purchase dapagliflozin sale
buy xenical paypal – https://asacostat.com/# order orlistat sale
The depth in this ruined is exceptional. http://www.01.com.hk/member.php?Action=viewprofile&username=Ophneh