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The ether leaves exchanges at a faster pace than ever


Main meals:

Ether (EthIt annoys a continuation of the bull cycle, as the net flow turns into the cumulative exchange for the first time in history.

Is this the operator required to pay the ETH price again to discover prices?

ETH exchange balance turns

The most prominent Joao Wedson, founder and executive of the Alphractor Data Analysis platform, highlighted that the Ether’s Exchange balance has become negative for the first time in history.

The exchange of exchange flow is a scale that tracks the cumulative net cumulative flow of ETH through all exchanges over time and how the flows change over time.

The positive value means more deposits from withdrawals, indicating the potential pressure pressure. While the negative balance indicates that more symbols in ETH leave the exchanges more than they are deposited, they are a sign of accumulation and the long -term holding.

“Billions of dollars in ETH flow from the stock exchanges!” Widson He said In the publication of X on Friday, adding:

“This historical teacher can represent a major transformation in the behavior of the investor ETH!”

Eth exchange a balance of flow. Source: alphractal

In other words, ETH leaves exchanges at an accelerated pace. In particular, the external flows of exchange have increased since mid-July, reflecting a significant accumulation and reducing the offer-both of the ups of the ups.

Eth exchange network flows. Source: Abraj

As CoINTELEGRAPH I mentionedTotal ETH ETH assets at its lowest levels in nine years. The ether balance on the stock exchanges is 15.72 million ETH from Friday, when the levels were seen for the last time in July 2016, for all Glassnode data.

Bitcoin exchange reserves. source: Glassnode

Reducing the display on the stock exchanges means that less than ETH can be sold easily, which leads to a Liquidity And high prices in the long run.

The ether price must be recovered 4,500 to secure the recovery

like Cointelegraph continues to reportThe main resistance remains in the short term of ETH $ 4,500, and the bulls need to turn this new support for height.

Note that this level has crowned the price since ETH fell to $ 4,300 On August 29.

“$ ETH erupted from the fall of the fall, and it re -paved it, and now hovering over the main support,” He said Crypto Trader Jelle in a publication on Friday at X.

The trader pointed out that the decisive closure of more than $ 4,500 will leave “a very small place on its way” from moving to the discovery of prices.

“$ 5,000 is just the beginning.”

Eth/USD the four -hour graph. Source: Generation

Fellow of the analyst Donald Dean subscriber The scheme shows the price of ETH presses in a narrow range inside the bull banner, indicating that a big step was imminent.

The daily candlestick is closed over the upper direction line of the flag at $ 4,500 is a must to confirm the penetration.

Based on Fibonacci’s retreat levels, the debt of the bull flag targets set at $ 5,766, 6,658 dollars, and 9,547 dollars.

Many biopsy signs It indicates that ETH is in good position for Fracture above $ 5,000 In the next days or weeks.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.