Ethereum Breaks Above $2,400: This Metric Points To Further Upside
Summary
Ethereum's price broke $2,400, with on-chain data showing a bullish signal. The exchange netflow indicator suggests investors are making net withdrawals, potentially accumulating for the long term, which is bullish for the cryptocurrency. The 14-day EMA exchange netflow has been mostly negative, indicating constant net withdrawals and potential accumulation by investors. Ethereum is currently trading at around $2,420, up more than 6% over the past week.
