Ethereum (ETH) net flow data has been displaying a notable decline in recent weeks. Net flows represent the difference between the amount of coins entering and exiting exchanges. If this figure is negative, it indicates that investors are withdrawing ETH from exchanges, which often signals an intent to hold and confidence in the market. 

According to Coinglass data, the Ethereum net flow over the last 24 hours was recorded at -$182.86 million. This shows that more investors are pulling ETH out of exchanges. Interestingly, this negative flow has persisted in six of the last seven days. During the same period, the total net flow amounted to -$140 million. This suggests that buying pressure still outweighs selling. 

While short-term net flows remain negative, the medium-term trend has shifted toward selling. The 15-day Ethereum net flows stand at +$186.48 million, indicating a positive direction. This suggests that investors are sending more ETH to exchanges for selling. 

In the 30-day period, the picture becomes clearer. Ethereum investors have transferred more ETH to exchanges during this time. As a result, the total net flow has risen to +$483.54 million. This situation explains why Ethereum’s price is under pressure. 

Is a Price Rally Possible? 

If Ethereum net flows continue to remain negative, this would be a positive signal for the market. Reduced selling pressure supports a buying trend. If this persists, an ETH price rally could be expected. 

Crypto analyst Captain Faibik suggests that Ethereum’s price could surpass $3,500 in the short term. However, the bulls need to break through the 200-day Simple Moving Average at $2,700. Once this critical threshold is crossed, the rally could gain momentum. At the time of writing, ETH is trading around $2,555.

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