Ethereum – Assessing whether a new bull run may be close for the altcoin
The post Ethereum – Assessing whether a new bull run may be close for the altcoin appeared on BitcoinEthereumNews.com.
Key Takeaways ETH exchange flux hinted at shifting sentiment for the first time, alluding to significant bullish presence across the market. Accumulation has been rising too, while the exchange reserves remained flat. Ethereum’s [ETH] price hasn’t gained by much on the back of the market’s growing bullish sentiment. In fact, the altcoin saw gains of just 0.73%. And yet, ETH seemed to be holding strong if its 30-day outlook was looked at. Typically, a hike in accumulation and a fall in selling pressure support a positive short-term price outlook. However, ETH’s case appeared to be different at press time. Hence, it’s worth analyzing whether the asset still has potential for a bull run in the days ahead. A new milestone on the cards… At the time of writing, Ethereum’s Exchange Flux Balance seemed to show billions of dollars flowing into the asset over the past 24 hours. In fact, this metric—which tracks cumulative inflows and outflows of ETH across all exchanges (Netflows)—turned negative for the first time ever. A negative reading is usually indicative of a positive trajectory for an asset. Especially since it alludes to the fact that more withdrawals than deposits are being made by investors. Source: Alphractal The Exchange Netflows on CryptoQuant, which tracks inflows and outflows across a limited set of exchanges, underlined a similar trend too. The total exchange netflows stood at 36,089 ETH over the last 24 hours, confirming that investors may be moving more ETH into private wallets. Especially as they continue to accumulate. ETH reserves could be drying up Ethereum’s Exchange Reserves on CryptoQuant have remained largely flat too, with the same seeing no significant drop or hike. In fact, the total ETH held across all exchanges tracked by CryptoQuant stood at 17.3 million, at the time of writing. Source: CryptoQuant The…
Filed under: News - @ September 6, 2025 4:27 am