$380M In Ethereum Leaves Exchanges In 7 Days Accumulation Trend Accelerates

Ethereum is trading just below the $2,000 mark, holding at critical levels as the broader market shows signs of recovery. After weeks of choppy price action and fading selling pressure, bulls are gradually regaining control, pushing ETH into a more bullish short-term structure. Momentum is building as Ethereum stabilizes above the $1,800 level, and technical indicators suggest a breakout may be forming. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart Reversal Or Just A Pause? Adding to the growing optimism, on-chain data from IntoTheBlock shows a consistent flow of ETH out of centralized exchangesan indicator often associated with accumulation and reduced sell-side pressure. Over the past week alone, net outflows have exceeded $380 million worth of Ethereum, reinforcing the view that investors are preparing for a move higher. Still, the key resistance at $2,000 remains a psychological and technical barrier. A confirmed push above this level could trigger a broader altcoin rally and signal the start of Ethereums next leg up. Until then, the market remains cautiously optimistic as bulls test the upper limits of this consolidation zone, looking for the momentum needed to escape it. Ethereum Faces Critical Test Amid Accumulation Trend Ethereum continues to face headwinds as it trades more than 55% below its December highs, hovering beneath the $2,000 resistance zone. While the broader crypto market shows signs of revival, ETH remains locked in a critical battle between supply overhead and renewed buying interest. The recent price structure shows some bullish development in lower time frames, as buyers attempt to build momentum. However, strong resistance levels still loom, and failure to break through could trigger a fresh move into lower demand zones around $1,700 or even $1,500. Despite these technical challenges, on-chain data paints a more encouraging picture. According to IntoTheBlock, centralized exchanges have seen net Ethereum outflows of roughly $380 million over the last seven days. This steady reduction in exchange-held ETH suggests a growing trend of accumulation, often interpreted as investors moving coins to cold storage rather than preparing to sell. This behavior typically reduces sell-side pressure and can lay the groundwork for more sustainable rallies. Market sentiment remains mixed. Some analysts argue that Ethereum is gearing up for a breakout, with shifting momentum hinting at an imminent surge. Others remain cautious, warning that macroeconomic uncertainty and fragile investor confidence could still pull ETH into a deeper correction. The coming days will be crucial in defining Ethereums trajectory. Related Reading: SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus ETH Price Analysis: Testing Key Resistance Ethereum (ETH) is currently trading at $1,837 after several days of consolidation just below the $1,850 level. As seen in the daily chart, ETH has been attempting to form a short-term bullish structure after rebounding from April lows near $1,550. The price has steadily climbed but now faces significant resistance near $1,850a level that has acted as both support and resistance in previous months. Volume has been relatively stable but not convincingly high, indicating that bulls are gaining control but lack strong momentum to break through. The 200-day Simple Moving Average (SMA) at $2,271 and the 200-day Exponential Moving Average (EMA) at $2,456 remain distant overhead targets. These levels represent key longer-term resistance, and reclaiming them would be a major bullish signal. Related Reading: HYPE Confirms Strength With Solid Throwback Response Bullish Reversal? For now, ETH must close decisively above $1,850 to validate this short-term trend reversal. A failure to do so may result in another retest of support around $1,700 or even lower, particularly if broader market sentiment shifts. However, the price holding above recent swing lows and forming higher lows signals that bullish pressure is building gradually. A breakout above $1,850 would open the door to a move toward the $2,000$2,200 zone. Featured image from Dall-E, chart from TradingView

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Stablecoin buying power on exchanges increases as BTC and ETH see outflows

In June, the surge in stablecoin volume flowing into exchanges has been a clear indicator of the market’s changing dynamics. This is particularly evident when analyzing exchange buying power, a metric that measures the 30-day change in stablecoin buying power on exchanges. The exchange buying power metric is calculated by tracking the 30-day change in […]

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330,000 Ethereum Withdrawn From Exchanges In 72 Hours Supply Squeeze Incoming?

Ethereum has faced massive selling pressure and volatility over the past month as the entire crypto market trends downward, pushing ETH toward crucial demand levels. With uncertainty dominating the market, traders remain cautious as Ethereum struggles to reclaim lost ground. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength Analyst Analysts expect even more volatility following US President Trumps executive order on Thursday, which established a Strategic Bitcoin Reserve. While the announcement was expected to boost market sentiment, it introduced more uncertainty, leaving investors unsure of its long-term impact on the crypto space. Despite the ongoing decline, on-chain data from Santiment reveals a bullish signal330,000 Ethereum have been withdrawn from exchanges in the past 72 hours. Such large outflows often indicate investors moving ETH into private wallets, suggesting reduced selling pressure and possible long-term accumulation. With Ethereum hovering at key support levels, the coming days will be critical in determining whether ETH stabilizes or faces further downside. If market sentiment improves and exchange outflows continue, Ethereum could see a strong recovery. However, if selling pressure persists, another leg down remains a possibility, keeping traders on high alert. Ethereum Faces A Critical Test Ethereum has lost over 50% of its value since late December, triggering massive fear and panic selling across the market. Once a leading force in crypto rallies, ETH is now struggling to regain momentum, leaving investors questioning whether the long-awaited altseason will materialize this year. Many analysts speculate that it wont, as Ethereum and most altcoins continue to struggle, unable to reclaim bullish settings or establish a clear recovery trend. Despite the bearish sentiment, there is still hope for a rebound, as on-chain data suggests potential bullish catalysts. Ali Martinez shared Santiment data, revealing that 330,000 Ethereum have been withdrawn from exchanges in the past 72 hours. This significant outflow could indicate that investors are moving ETH into private wallets, reducing immediate selling pressure and potentially setting the stage for a supply squeeze. A supply squeeze occurs when the available supply of an asset on exchanges decreases, making it harder for sellers to push prices lower. If Ethereum continues to hold key demand zones and buying pressure increases, the reduced exchange supply could drive a strong recovery toward higher price levels. Related Reading: Ethereum Holds Key Support Amid Volatility Can Bulls Break $2.3K To Regain Momentum? For now, traders are watching whether ETH can stabilize and reclaim critical resistance levels. If bulls regain momentum, Ethereum could start a recovery trend in the coming weeks. However, if selling pressure persists, another wave of downward movement remains a possibility, keeping the market on edge. The next few days will be crucial in determining Ethereums short-term direction and whether the recent exchange withdrawals signal a turning point for ETH. ETH Price Testing Crucial Demand Ethereum (ETH) is currently trading at $2,130 after days of struggling below the $2,500 level. The market remains under bearish control, with bulls unable to reclaim key resistance zones. As long as ETH stays below $2,300, bears continue to hold the upper hand, keeping selling pressure dominant. For a recovery rally to take shape, bulls must defend the $2,100 level and push ETH back above $2,500. A decisive break past this resistance would signal renewed buying momentum, potentially shifting the market sentiment and triggering a stronger push toward higher prices. However, failure to reclaim these levels would prolong the current downtrend and leave ETH vulnerable to further declines. The key level to watch is $2,000losing this support could trigger a dramatic breakdown, leading to accelerated selling pressure and a potential drop into lower demand zones. This scenario would erase hopes of a near-term recovery, forcing Ethereum into a deeper bearish phase. Related Reading: Bitcoin Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level Details With ETH hovering near critical levels, traders are closely watching whether bulls can regain momentum or if bears will push prices lower. The next few days will be crucial in determining ETHs short-term direction and whether it can escape its downward trend. Featured image from Dall-E, chart from TradingView

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Ethereum Bullish Signal: $560M In ETH Exits Exchanges

On-chain data shows a large amount of Ethereum has left exchange wallets within the past two days, a sign that could be bullish for the price. Ethereum Supply On Exchanges Has Plunged In The Last 48 Hours As an analyst on Twitter pointed out, about 310,000 ETH has exited exchanges in the past 48 hours. [...]

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Bitcoin Exchange Outflows Spike, Bullish Sign?

On-chain data shows the Bitcoin exchange outflows have seen a significant spike during the past day, a sign that may be bullish for the price. Bitcoin Exchange Outflows Have Observed A Large Spike Today As pointed out by an analyst in a CryptoQuant post, a total of 2,138 BTC has been taken out of exchanges during the last day. The “exchange outflow” is an indicator that measures the total amount of Bitcoin that’s being withdrawn from the wallets of all centralized exchanges. When the value of this metric has an elevated value, it means the investors are transferring out a large number of coins from these platforms. Generally, holders withdraw their BTC from exchanges for holding onto them for extended periods in offsite wallets. Because of this reason, elevated values of this metric can be a sign of accumulation, and hence, can be bullish for the cryptocurrency’s price. On the other hand, the low values of the indicator imply there aren’t many withdrawals happening in the market right now. Such a trend can be either bearish or neutral for the asset, depending on how the “exchange inflow,” the counterpart indicator, is behaving at the moment. Holders usually deposit to exchanges for selling-related purposes, so when the exchange inflow has high values, it suggests the investors may be participating in a selloff of the asset. Naturally, this can have bearish consequences for the price. Related Reading: Bitcoin Bearish Signal: Supply Older Than 7 Years On The Move Now, here is a chart that shows the trend in the Bitcoin exchange outflow, as well as in the inflow, over the last day: The value of the outflow seems to have been quite high in recent hours | Source: CryptoQuant As displayed in the above graph, the Bitcoin exchange outflow has registered a very sharp spike in the last few hours. In total, the investors have withdrawn 2,138 BTC (about $60.6 million at the current exchange rate) from exchanges with this spike. Since these large withdrawals have come while the price of the cryptocurrency has been in the lower $28,000 values (which are relatively low levels considering the price had been above $30,000 just a few days ago), it’s possible that these transfers out of exchanges are a sign of fresh buying taking place in the market. From the chart, it’s also visible that the exchange inflows have remained at low values at the same time, meaning that there aren’t any deposits happening to counteract these withdrawals. This may imply that there isn’t any additional appetite for selling at the current levels for now. Related Reading: Quant Explains Bitcoin Funding Rates Pattern That Precedes Uptrends This fresh unimpeded Bitcoin accumulation can be a positive sign for the market, as it means that there are at least some large investors in the sector who view the current prices as a discounted buying opportunity, and not as a sign of more decline to come. BTC Price At the time of writing, Bitcoin is trading around $28,000, down 9% in the last week. Looks like the value of the asset has been plunging in the last few days | Source: BTCUSD on TradingView Featured image from Dmitry Demidko on Unsplash.com, charts from TradingView.com, CryptoQuant.com

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Bitcoin Exchange Inflows Fall To 2020 Levels As Activity Remains Low

Data shows the Bitcoin exchange inflows and outflows have both shrunk recently as market activity has remained low. Bitcoin Exchange Inflows & Outflows Continue To Decline As per the latest weekly report from Glassnode, the BTC inflow volumes are now only around $350-$400 million per day. The “exchange inflow” is an indicator that measures the total amount of Bitcoin currently being deposited to centralized exchanges by holders. Its counterpart metric is the “exchange outflow,” and it naturally tracks the volume leaving exchange wallets. Generally, during periods of high activity in the market, both these indicators rise to high values as a large number of investors make their respective moves. However, the price may react in particular directions depending on which of these metrics is higher at the moment. Since one of the main reasons why investors use exchanges is for selling purposes, inflows outweighing outflows could be bearish for Bitcoin. On the other hand, outflows being more dominant can suggest there may instead be buying pressure in the market as investors are withdrawing their coins for accumulation. Now, here is a chart that shows the trend in the Bitcoin exchange inflows and outflows over the last few years: looks like both these metrics have declined in recent weeks | Source: Glassnode's The Week Onchain - Week 2, 2023 As shown in the above graph, the Bitcoin exchange inflows and outflows were both at high levels during the past couple of years, with their volumes remaining in the range of multi-billion dollars throughout. At the peak of inflows back in May 2021, between $2.8 billion to $3.5 billion per day was entering exchange wallets. Related Reading: Is The Bitcoin Bottom In Yet? Here’s What aSOPR Metric Suggests Recently, however, both the inflows and the outflows have significantly declined. Currently, the inflow volumes are between $350 million to $400 million per day, which are lows not seen since 2020. The outflows haven’t quite shrunk to these levels yet, possibly because of the fact that the collapse of FTX lead to renewed interest in self-custody among investors, which made them withdraw large amounts from centralized platforms. In the chart, data for the Ethereum exchange flows are also displayed. It seems like before May 2021, the Bitcoin exchange flow dominance was about 70%, which means the combined volumes of Ethereum inflows and outflows made up for 30% of the total between ETH and BTC during the period. But since May 2021, the share of the Ethereum flows has significantly increased as ETH inflows and outflows dominance is now 42%. This trend suggests that the relative trading interest in ETH has gone up in the last one and a half years, while BTC has lost some mindshare. Related Reading: Ethereum 1-Month Realized Volatility Drops To Rare Level Seen Only Thrice In History Though, in pure numbers, both cryptocurrencies have seen very little market activity recently as both their exchange inflows and outflows are at pretty low values. BTC Price At the time of writing, Bitcoin is trading around $17,200, up 3% in the last week. The value of the asset seems to have surged in the last couple of days | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com

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Investors Now HODLing. Bitcoin Exchange Outflows Near 100K BTC Ahead of Bitcoin Conference 2022

The number of Bitcoin (BTC) held on exchanges continues its drastic decline as crypto enthusiasts pull their funds off trading platforms for long-term holding.

Continue reading Investors Now HODLing. Bitcoin Exchange Outflows Near 100K BTC Ahead of Bitcoin Conference 2022 at DailyCoin.com.

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Massive Outflows and Burnt Ether Stimulate Ethereum Scarcity to Continue

Ever since the London Hardfork or EIP-1559 upgrade went live in August 2021, Ethereum’s supply continues to be depleted based on the burning mechanism incorporated. (Read More)

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Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion

Ethereum has made a recovery to $2,800 during the past day as on-chain data shows the whales have been making massive withdrawals from exchanges. Ethereum Exchange Outflows Spiked After Price Crash According to data from the market intelligence platform IntoTheBlock, investors reacted to the latest crash in the Ethereum price by making outflows from exchanges. The on-chain indicator of relevance here is the “Exchange Netflow,” which keeps track of the net amount of the cryptocurrency that’s entering into or exiting the wallets associated with all centralized exchanges. Related Reading: Ethereum Leverage Elevated Despite Long Squeeze, Glassnode Says When the value of this metric is positive, it means the holders are depositing a net number of coins into these platforms. As one of the main reasons why investors transfer to the exchanges is for selling-related purposes, this kind of trend can be a bearish sign for the asset’s price. On the other hand, the indicator being negative suggests the outflows outweigh the inflows and a net number of tokens is moving out of the exchanges. Such a trend can indicate that the investors are accumulating, which is something that can naturally be bullish for ETH. Now, here is a chart that shows the trend in the Ethereum Exchange Netflow over the past year: As is visible in the above graph, the Ethereum Exchange Netflow observed a massive negative spike yesterday after the crash in the asset’s price took place. In total, the investors withdrew 350,000 ETH (worth around $982 million at the current exchange rate of the token) from the exchanges in this outflow spree. “This is the highest amount of net exchange withdrawals since January 2024!” notes the analytics firm. Given the timing of the outflows, it would appear likely that they were made by whales looking to buy Ethereum at cheap post-crash prices. The accumulation from the investors has in turn helped the cryptocurrency reach a bottom and make some recovery. Related Reading: Indicator That Foreshadowed XRPs 14% Crash Gives Buy Signal For Solana The Exchange Netflow could now be to keep an eye on in the coming days, as the upcoming trend in it might also influence the ETH price. Naturally, a continuation of the outflows would be a positive sign, while an increase in inflows could spell a bearish outcome. In some other news, the number two stablecoin by market cap, USDC, has seen its transaction count shoot up recently, as IntoTheBlock has pointed out in another X post. “USDC is becoming increasingly popular, with the number of daily transactions increasing by over 119% in the last year!” says the analytics firm. Stablecoins can end up acting as fuel for volatile assets like Ethereum, so increased activity related to them can be a good sign for the market. ETH Price At the time of writing, Ethereum is floating around $2,800, down more than 11% over the last seven days. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

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Binance vs. Coinbase: Analyzing asset withdrawals in the wake of SEC lawsuits

The SEC’s lawsuits against Binance and Coinbase created a discernable shift in the market, leading to significant changes in the exchanges’ asset balances. The lawsuits, filed on June 5 and June 6, accuse Binance and Coinbase of a variety of securities law violations. These legal encounters have created a domino effect in the legal sphere […]

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Ethereum Sees $1.4 Billion In Exchange Outflows This Week Strong Accumulation Trend?

Ethereum has faced a challenging start to the year, shedding 15% from its recent local highs and dipping to a low of $3,157. The altcoin leaders decline comes amid heightened market volatility and uncertainty, with many investors reevaluating their positions following the recent selloff. However, despite the downturn, on-chain data suggests that underlying investor sentiment remains robust. Related Reading: Bitcoin Faces Major Deleveraging Analyst Explains Price Crash Below $100K According to data from IntoTheBlock, Ethereum saw significant outflows from exchanges this week, with net outflows surpassing $1.4 billionthe highest level since November. Such activity often signals strong accumulation trends as investors move their holdings off exchanges and into cold storage or other wallets, indicative of long-term confidence in the asset. These substantial outflows underscore Ethereums resilience even amid challenging price action. Analysts are closely monitoring whether these accumulation trends can offset the bearish momentum and spark a recovery in the coming weeks.  With Ethereum trading near critical support levels, the next moves will be pivotal in determining the direction of its price in 2025. As bullish seasonality for altcoins often kicks in during post-halving years, many believe that Ethereum could soon reclaim its upward trajectory, contingent on both market conditions and broader macroeconomic factors. Ethereum Prepares For Rebound Ethereum has shown signs of recovery after its recent drop, now attempting to break above the $3,300 level. The altcoin leader has faced considerable challenges, with a 15% decline from its recent highs putting pressure on bullish sentiment. However, key on-chain metrics indicate that Ethereums fundamentals remain strong, pointing toward potential growth in the coming months. Data from IntoTheBlock, shared on X, highlights a significant development: this week saw net $ETH outflows from exchanges exceeding $1.4 billion, the highest level since November. Such substantial outflows often signal that investors are moving their holdings off exchanges, a behavior typically associated with accumulation. This trend suggests that, despite recent bearish price action, confidence in Ethereum’s long-term potential remains intact. While Ethereums recent price action may appear underwhelming to some, these accumulation trends provide a bullish underpinning for the asset. Historically, large exchange outflows have preceded significant price rallies, as reduced sell-side liquidity can drive upward momentum when demand increases. Related Reading: Dogecoin Testing Key Demand Zone Can DOGE Push Above $0.40? As Ethereum works to reclaim higher levels, breaking above $3,300 could signal the beginning of a more sustained recovery. With strong fundamentals and growing investor confidence, Ethereum appears well-positioned for a potentially bullish 2025. However, the asset must navigate current market volatility to confirm its uptrend. Testing Weekly Demand  Ethereum is trading at $3,250, reflecting ongoing struggles to break above the $3,300 resistance level. The price action remains tentative as ETH tests critical weekly demand levels. This area has historically provided strong support, and if Ethereum manages to close above the $3,100 mark, it could pave the way for a meaningful rebound in the coming days. The current consolidation phase highlights a market looking for direction. For bulls to regain control, Ethereum must break above key resistance levels. Reclaiming the $3,750 mark is crucial to confirm a bullish breakout and signal a potential uptrend. Such a move would not only restore investor confidence but also position ETH to retest higher levels as market sentiment shifts. However, failure to hold the $3,100 demand zone could lead to further downside pressure, with lower support levels likely to be tested. The coming sessions will be pivotal as Ethereum navigates these key levels.  Related Reading: Key Metrics Reveal Bitcoin STH Support Levels Around $89K$86K Is BTC At Risk? With the broader market sentiment in flux, ETHs ability to stay above its critical support zones will determine whether a bullish trend emerges or a prolonged consolidation phase persists. Investors are watching closely as ETH attempts to establish its next significant move. Featured image from Dall-E, chart from TradingView

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