- ETH saw more inflow into exchanges in the last trading session.
- The ETH balance on exchange has continued to decline.
A recent analysis of Ethereum’s [ETH] market activity revealed a pattern of accumulation and sell-offs by different addresses over the last few days.
Despite these mixed trends, the overall volume of ETH on exchanges has decreased, which is often a bullish signal.
Ethereum sees mixed signals
The recent Ethereum market activity has produced mixed signals from key indicators. On one hand, there has been notable accumulation by some large holders, or “whales,” which is typically a bullish sign.
Analysis of holders’ data shows that these whale addresses have increased their holdings by approximately 200,000 ETH, equivalent to around $540 million.
On the other hand, some institutional players have been selling, which could indicate a more cautious or bearish outlook from certain market participants.
Data from Lookonchain revealed that institutions like Amber Group and Cumberland have sold over 13,000 ETH, worth more than $35 million, in the last 24 hours.
This selling pressure from institutions contrasted with the accumulation by whales, creating a mixed market sentiment.
While the whale accumulation points to a strong belief in Ethereum’s future, the institutional sell-offs could reflect concerns about short-term price movements or broader market uncertainties.
Ethereum flow shows the dominance of sellers
AMBCrypto’s analysis of Ethereum’s exchange netflow data from CryptoQuant on the 26th of August revealed a positive netflow.
This indicated that more ETH was deposited into exchanges than was withdrawn on that day. Specifically, the netflow was over 32,000 ETH, suggesting that the volume of sell-offs outpaced the accumulation during this period.
Source: CryptoQuant
A positive netflow typically signals that investors are moving ETH onto exchanges, possibly to sell or trade, which can create short-term selling pressure.
This aligned with the recent data showing that some institutions, such as Amber Group and Cumberland, have been selling significant amounts of ETH.
However, despite this temporary increase in exchange inflows, the broader trend over the last few weeks has seen more outflow of ETH overall.
This means that, on a longer timescale, more ETH has been withdrawn from exchanges than deposited, often interpreted as a bullish indicator.
ETH’s exchange flight
The ongoing decline in Ethereum’s balance on exchanges is a significant trend, indicating that more investors are withdrawing their holdings from exchanges.
This reduction in exchange balance suggested that investors may be moving their ETH to cold storage, staking, or other forms of long-term holding, rather than keeping it readily available for trading.
Source: Glassnode
A declining exchange balance can lead to scarcity in the available supply of ETH on exchanges, which typically has a bullish implication for the asset’s value.
When fewer coins are available for trading, and if demand remains strong or increases, scarcity can drive up prices due to the basic economic principle of supply and demand.
This declining exchange balance adds to the list of bullish indicators for Ethereum, despite the mixed signals observed in recent weeks.
ETH continues to trend weakly
According to AMBCrypto’s analysis, Ethereum has recently struggled to maintain positive momentum.
Its daily price trend analysis reveals that Ethereum has experienced consecutive declines over the last three days. As of this writing, Ethereum traded at approximately $2,656, reflecting an additional decline of nearly 1%.
Source: TradingView
Its short-moving average (yellow line) continued to act as a significant resistance level around $2,900.
Read Ethereum’s [ETH] Price Prediction 2024-25
This resistance has repeatedly prevented Ethereum from breaking higher, contributing to the recent downward pressure on its price.
The continued decline in price underscores the mixed signals that have characterized Ethereum’s market activity in recent weeks, with short-term bearish trends contrasting with some longer-term bullish indicators, such as declining exchange balances.
- ETH saw more inflow into exchanges in the last trading session.
- The ETH balance on exchange has continued to decline.
A recent analysis of Ethereum’s [ETH] market activity revealed a pattern of accumulation and sell-offs by different addresses over the last few days.
Despite these mixed trends, the overall volume of ETH on exchanges has decreased, which is often a bullish signal.
Ethereum sees mixed signals
The recent Ethereum market activity has produced mixed signals from key indicators. On one hand, there has been notable accumulation by some large holders, or “whales,” which is typically a bullish sign.
Analysis of holders’ data shows that these whale addresses have increased their holdings by approximately 200,000 ETH, equivalent to around $540 million.
On the other hand, some institutional players have been selling, which could indicate a more cautious or bearish outlook from certain market participants.
Data from Lookonchain revealed that institutions like Amber Group and Cumberland have sold over 13,000 ETH, worth more than $35 million, in the last 24 hours.
This selling pressure from institutions contrasted with the accumulation by whales, creating a mixed market sentiment.
While the whale accumulation points to a strong belief in Ethereum’s future, the institutional sell-offs could reflect concerns about short-term price movements or broader market uncertainties.
Ethereum flow shows the dominance of sellers
AMBCrypto’s analysis of Ethereum’s exchange netflow data from CryptoQuant on the 26th of August revealed a positive netflow.
This indicated that more ETH was deposited into exchanges than was withdrawn on that day. Specifically, the netflow was over 32,000 ETH, suggesting that the volume of sell-offs outpaced the accumulation during this period.
Source: CryptoQuant
A positive netflow typically signals that investors are moving ETH onto exchanges, possibly to sell or trade, which can create short-term selling pressure.
This aligned with the recent data showing that some institutions, such as Amber Group and Cumberland, have been selling significant amounts of ETH.
However, despite this temporary increase in exchange inflows, the broader trend over the last few weeks has seen more outflow of ETH overall.
This means that, on a longer timescale, more ETH has been withdrawn from exchanges than deposited, often interpreted as a bullish indicator.
ETH’s exchange flight
The ongoing decline in Ethereum’s balance on exchanges is a significant trend, indicating that more investors are withdrawing their holdings from exchanges.
This reduction in exchange balance suggested that investors may be moving their ETH to cold storage, staking, or other forms of long-term holding, rather than keeping it readily available for trading.
Source: Glassnode
A declining exchange balance can lead to scarcity in the available supply of ETH on exchanges, which typically has a bullish implication for the asset’s value.
When fewer coins are available for trading, and if demand remains strong or increases, scarcity can drive up prices due to the basic economic principle of supply and demand.
This declining exchange balance adds to the list of bullish indicators for Ethereum, despite the mixed signals observed in recent weeks.
ETH continues to trend weakly
According to AMBCrypto’s analysis, Ethereum has recently struggled to maintain positive momentum.
Its daily price trend analysis reveals that Ethereum has experienced consecutive declines over the last three days. As of this writing, Ethereum traded at approximately $2,656, reflecting an additional decline of nearly 1%.
Source: TradingView
Its short-moving average (yellow line) continued to act as a significant resistance level around $2,900.
Read Ethereum’s [ETH] Price Prediction 2024-25
This resistance has repeatedly prevented Ethereum from breaking higher, contributing to the recent downward pressure on its price.
The continued decline in price underscores the mixed signals that have characterized Ethereum’s market activity in recent weeks, with short-term bearish trends contrasting with some longer-term bullish indicators, such as declining exchange balances.
Live Coin Watch I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will
how can i get clomid no prescription where buy generic clomiphene pill cost clomiphene prices can i purchase clomid without rx clomiphene medication uk how can i get clomiphene price get cheap clomiphene without a prescription
This is a theme which is in to my verve… Many thanks! Exactly where can I upon the phone details in the course of questions?
Thanks for putting this up. It’s evidently done.
azithromycin cheap – buy tinidazole 300mg online metronidazole 400mg tablet
semaglutide 14mg ca – cyproheptadine 4mg drug cyproheptadine 4mg pill
how to get domperidone without a prescription – buy motilium 10mg pills buy flexeril online cheap
cheap amoxicillin tablets – order ipratropium 100 mcg generic combivent buy online
buy generic zithromax over the counter – tindamax oral buy generic bystolic for sale
order generic augmentin – https://atbioinfo.com/ acillin oral
nexium where to buy – https://anexamate.com/ generic nexium
coumadin 2mg drug – https://coumamide.com/ order losartan
buy mobic pill – https://moboxsin.com/ buy mobic generic
deltasone 20mg tablet – https://apreplson.com/ buy generic prednisone
buy erectile dysfunction drugs over the counter – ed pills gnc best ed pill for diabetics
buy amoxicillin – combamoxi.com amoxil online
This is the kind of literature I in fact appreciate.
The thoroughness in this break down is noteworthy.
diflucan 100mg sale – https://gpdifluca.com/# order diflucan 200mg pill
order cenforce 50mg without prescription – https://cenforcers.com/ cenforce online buy
tadalafil pulmonary hypertension – https://ciltadgn.com/# cialis and blood pressure
buy generic zantac online – on this site order zantac 150mg for sale
cialis free trial voucher 2018 – https://strongtadafl.com/# buying cialis online safely
Greetings! Utter productive recommendation within this article! It’s the crumb changes which will espy the largest changes. Thanks a portion for sharing! prednisone online
This is the big-hearted of criticism I in fact appreciate. https://ursxdol.com/furosemide-diuretic/
The thoroughness in this piece is noteworthy. prohnrg