Ethereum News Today: Ethereum Exchange Netflow Hits -40,000 ETH Daily as Buying Pressure Rises

Ethereum’s 30-day netflow average has deepened into negative territory, signaling a surge in buying pressure as investors continue to withdraw large volumes of ETH from exchanges. According to data from CryptoQuant, the 30-day Simple Moving Average (SMA30) for Ethereum’s exchange netflows now stands at -40,000 ETH per day, meaning that, on average, 40,000 ETH are being removed from exchanges daily [1]. This sustained outflow suggests strong accumulation among long-term holders, with tokens typically being transferred to private wallets, staking contracts, or decentralized finance (DeFi) protocols [1].

The trend underscores a bearish sentiment in the short term, as investors are less inclined to sell at current price levels. Analyst Burak Kesmeci noted that Ethereum has seen 1.2 million ETH withdrawn from exchanges in just one month, highlighting a significant accumulation phase [1]. While daily spikes in outflows often dominate headlines, Kesmici emphasizes that the broader trend over time is more telling of market sentiment. The consistent negative SMA30 indicates that holders are confident in Ethereum’s potential, reducing immediate sell-side pressure and reinforcing the current bullish momentum [1].

Ethereum’s price has surged to multi-year highs, reaching $4,700, its strongest level since November 2021 and approaching its all-time high near $4,860. This rally has positioned ETH on the brink of a potential price discovery phase, an event not seen in years. The breakout from the $3,860 resistance zone earlier this month was supported by strong volume, and the price now sits above the 50-week, 100-week, and 200-week simple moving averages, confirming a robust long-term uptrend [1].

If bullish momentum continues, Ethereum could break through the $4,860 level and enter uncharted territory, potentially triggering increased buying activity as traders and institutions step in. However, the $4,700–$4,860 range is a historically significant resistance zone, and any profit-taking could result in short-term pullbacks before a definitive breakout occurs [1].

The deepening negative netflow is part of a broader shift in the crypto market, where investors are moving away from speculative trading and toward strategic, long-term holding. This behavior is commonly observed during bear market phases, as major players seek to accumulate assets at lower prices in anticipation of future appreciation [1]. The sustained outflow from exchanges signals confidence that Ethereum is undervalued at current levels, and the data reflects a shift toward a more patient, value-driven investor base.

On-chain metrics are becoming increasingly important in gauging market direction, with the deepening negative netflow serving as a key indicator of market strength. However, analysts caution that this trend should be considered alongside other on-chain and price indicators to avoid drawing premature conclusions about the market’s bullish or bearish trajectory [1].

The data reflects global Ethereum transactions over the last 30 days and does not specify movements within any particular region. Analysts have not made specific forecasts based solely on netflow data, but the trend reinforces the view that Ethereum’s rally still has room to run in the short term, provided the SMA30 remains negative [1].