The recent drop of Ethereum’s Netflow SMA30 to -40,000 ETH signals significant buying pressure in the market, potentially indicating a continuation of the bullish trend.
Drop in Netflow SMA30
Recent data shows that Ethereum’s SMA30 (30-day Simple Moving Average) has fallen to -40,000 ETH. A negative value indicates that more Ethereum is leaving exchanges than entering, often interpreted as a sign that investors are holding their assets.
Negative Netflow: A Bullish Trend?
Analyst @burak_kesmeci stated, 'As long as SMA30 stays in negative territory, the uptrend in Ethereum is likely to continue.' This implies that sustained negative Netflow values could set the stage for a long-term price rally. Historically, similar patterns have aligned with notable bullish phases for Ethereum.
Can This Momentum Hold?
While current signals are bullish, it’s important to watch for reversals. A sudden spike in exchange inflows could indicate an intent to sell, potentially reversing the trend. But for now, as long as the Netflow SMA30 remains deep in the red, market sentiment leans positive.
In short, Ethereum’s strong outflow pattern is more than just a data point—it’s a message from the market: confidence is growing.
