Ethereum Exchange Netflows Highest Since March: Can ETH Survive This Selloff?
Summary
Ethereum exchange netflows have recently shown large positive spikes, indicating significant deposits into exchanges, particularly Binance and Bybit. This suggests potential selling activity, leading to increased market volatility. The surge in Ethereum's price, driven by positive ETF news, may prompt profit-taking. Despite the high price, continued deposits could test demand and potentially lead to a selloff. Ethereum briefly breached $3,950 but returned below $3,800.
