{"id":467553,"date":"2021-07-15T19:00:05","date_gmt":"2021-07-15T19:00:05","guid":{"rendered":"https:\/\/wncen.com\/?p=467553"},"modified":"2021-07-15T18:17:45","modified_gmt":"2021-07-15T18:17:45","slug":"ethereum-negative-netflows-reserves","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-negative-netflows-reserves\/","title":{"rendered":"Ethereum Shows Deeply Negative Netflows As Exchange Reserves Fall"},"content":{"rendered":"
Ethereum netflows seem to be negative across all exchanges right now, as exchange reserves continue their downward trend.<\/p>\n
As pointed out by a CryptoQuant post<\/a>, ETH reserves continue with a downward trajectory. The all exchange netflows are also very red.<\/p>\n The Ethereum all exchanges reserve is an indicator that shows the total number of coins held in wallets of all exchanges.<\/p>\n When the metric goes up in value, it means more investors have their ETH on exchanges for selling, altcoins<\/a> purchasing, or margin trading.<\/p>\n Here is how the Ethereum all exchanges reserve looks like at the moment:<\/p>\n <\/p>\n <\/p>\n The above chart makes it clear that Ethereum all exchanges reserve has been continuing its downtrend since the past few months.<\/p>\n The latest downward curve seems to show quite a sharp trajectory. A decrease in the exchange reserves<\/a> should mean there isn’t much selling pressure in the market. If this steep downtrend continues, the price could go up.<\/p>\n The other indicator of interest is the Ethereum all exchanges netflow. The netflow is defined as just the difference between the exchange inflows and the exchange outflows.<\/p>\n The exchange inflows is the value of the ETH being sent into exchange wallets from personal addresses. While outflows are the opposite.<\/p>\n Related Reading | Ethereum Whales Go On Buying Spree, Top 10 Addresses Now Own 20% Of All ETH<\/a><\/strong><\/em><\/p>\n All Exchanges Netflow = Inflows – Outflows<\/p><\/blockquote>\n Below is a chart that shows the latest trends in the value of the ETH all exchanges netflow.<\/p>\n <\/p>\n As the graph shows, the last few days show negative all exchanges netflow for Ethereum. This means more investors are sending their ETH to personal wallets from exchange wallets than the other way around.<\/p>\n Related Reading | TA: Ethereum (ETH) Recovery Faces Hurdles, Why Bears Remain In Control<\/a><\/strong><\/em><\/p>\n When the value of the indicator goes up, it means investors want to sell of their crypto. On the other hand, a decrease like what’s happening right now should mean there isn’t much selling pressure.<\/p>\n Ethereum<\/a> is down more than 12% in the past week as the crypto’s value floats just under $1.9k. Compared to one month ago, the price is 27% less.<\/p>\n Here is how the price chart looks like over the last 6 months:<\/p>\n <\/p>\n ETH’s value has been going down since sometime now, with no sign of recovery. It’s unclear whether the market is bearish or not right now. If the exchange netflows are anything to go by, a deep negative trend could mean the price might go up soon.<\/p>\n Ethereum netflows seem to be negative across all exchanges right now, as exchange reserves continue their downward trend. Ethereum Reserves On A Downtrend As pointed out by a CryptoQuant post, ETH reserves continue with a downward trajectory. The all exchange netflows are also very red. The Ethereum all exchanges reserve is an indicator that shows the total number of coins held in wallets of all exchanges. When the metric goes up in value, it means more investors have their ETH on exchanges for selling, altcoins purchasing, or margin trading. Here is how the Ethereum all exchanges reserve looks like at the moment: ETH all exchanges reserve continues to fall down The above chart makes it clear that Ethereum all exchanges reserve has been continuing its downtrend since the past few months. The latest downward curve seems to show quite a sharp trajectory. A decrease in the exchange reserves should mean there isn’t much selling pressure in the market. If this steep downtrend continues, the price could go up. The other indicator of interest is the Ethereum all exchanges netflow. The netflow is defined as just the difference between the exchange inflows and the exchange outflows. The exchange inflows is the value of the ETH being sent into exchange wallets from personal addresses. While outflows are the opposite. Related Reading | Ethereum Whales Go On Buying Spree, Top 10 Addresses Now Own 20% Of All ETH All Exchanges Netflow = Inflows – Outflows Below is a chart that shows the latest trends in the value of the ETH all exchanges netflow. ETH all exchanges netflow shows deep red As the graph shows, the last few days show negative all exchanges netflow for Ethereum. This means more investors are sending their ETH to personal wallets from exchange wallets than the other way around. Related Reading | TA: Ethereum (ETH) Recovery Faces Hurdles, Why Bears Remain In Control When the value of the indicator goes up, it means investors want to sell of their crypto. On the other hand, a decrease like what’s happening right now should mean there isn’t much selling pressure. ETH Price Ethereum is down more than 12% in the past week as the crypto’s value floats just under $1.9k. Compared to one month ago, the price is 27% less. Here is how the price chart looks like over the last 6 months: Ethereum price seems to on a downward trend | Source: ETHUSD on TradingView ETH’s value has been going down since sometime now, with no sign of recovery. It’s unclear whether the market is bearish or not right now. If the exchange netflows are anything to go by, a deep negative trend could mean the price might go up soon. Featured image from Pexels.com, charts from TradingView.com, CryptoQuant<\/p>\n","protected":false},"author":542,"featured_media":467562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,83879,8686,83880],"class_list":["post-467553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethereum-exchange","tag-ethusd","tag-exchange-reserves"],"acf":[],"yoast_head":"\nETH all exchanges reserve continues to fall down<\/pre>\n
ETH all exchanges netflow shows deep red<\/pre>\n
ETH Price<\/h2>\n
Ethereum price seems to on a downward trend | Source: ETHUSD on TradingView<\/a><\/pre>\n
Featured image from Pexels.com, charts from TradingView.com, CryptoQuant<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"