Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

2025-05-19

Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

2025-05-19

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

    2025-05-19

    SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

    2025-05-19

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18
  • Analysis

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»DeFi»How Ethereum Defies Price Trends
DeFi

How Ethereum Defies Price Trends

2023-09-03No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: September 4, 2023

  • Ethereum outflows have increased in recent weeks.
  • This happened despite the sideways price movements.

Leading altcoin Ethereum [ETH] has continued to experience a surge in foreign exchange outflows despite recent price action, on-chain data provider IntoTheBlock noted in a recent post on X.

ETH continues to record larger currency outflows, with $380 million leaving the CEXs this week and about $1.5 million this past month pic.twitter.com/WlteNAJssu

— IntoTheBlock (@intotheblock) September 2, 2023

More than $380 million worth of ETH left centralized exchanges last week, according to the data provider. Last month, the total outflow was about $1.5 million.


Read Ethereum’s [ETH] Price Forecast 2023-24


An increase in asset outflows on the exchange is often considered a bullish signal, as it suggests a reduction in the amount of that asset available for trading on exchanges. This reduction in supply can create an imbalance between supply and demand and potentially drive up the asset’s price due to increased competition among buyers.

It could also mean that investors are sending their assets to private wallets, increasing their value less readily available for immediate sale. This often results in reduced selling pressure in the market, which can contribute to price stability or upward price movements.

In addition, the high foreign exchange outflows could be due to investors moving their assets into stalking pools. This is highly plausible in the case of ETH, as evidenced by data Dune Analytics revealed that the amount of ETH wagered weekly has increased in recent weeks. In August this increased by 2%.

Source: Dune Analytics

Bitcoin is to blame

Since Bitcoin’s liquidity flush on August 17 [BTC] futures markets, ETH has traded between $1600 and $1700 in a narrow price range. At the time of writing, ETH was switching hands at $1,635.

See also  Ethereum Name Service challenges Unstoppable Domains patent

Is your wallet green? Check out the ETH Profit Calculator


Due to its statistically significant positive correlation with the king coin, deleveraging imposed a bearish condition on ETH as the bears regained control on Aug. 17 and have been putting downward pressure on the price of the alt ever since.

On a D1 chart, ETH’s moving average convergence/divergence (MACD) indicator showed that the MACD line moved below the trendline shortly after the capital exit from the BTC market, as many sold their ETH holdings for fear of a ripple effect.

At the time of writing, the bears still controlled the market among daily ETH traders. According to the coin’s Directional Movement Index, the positive directional index (green) at 14.03 was below the negative directional index (red) at 34.44. This suggested that the strength of the sellers was far greater than that of the buyers.

Similarly, the Average Directional Index (yellow) above 25 at 42.95 indicated a strong downtrend in the market. The price of ETH could fall or stagnate without a change in sentiment.

Source: ETH/USDT on TradingView



Source link

defies Ethereum Price Trends
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP -Price confirms Bullish reversing settings with this demand zone

2025-05-19

Finish Bitcoin price inches in the direction of all time-can Momentum?

2025-05-19

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Top NFT -Tokens with Huge Weekly Trade Volume: $ Pengu Leads

2025-02-10

Bitcoin: ‘Bigger than governments.’ or ‘no store of value’?

2024-03-18

Bitcoin (BTC) Hovers Below $27,000 as U.S. Jobs Rise, Surpassing Many Estimates

2023-06-02
Editors Picks

Whale alert: more than $ 1 billion beaten in USDT while Bitcoin investors are preparing to buy the dip

2025-04-02

Ethereum -Price is struggling against resistance: a tough road for us

2025-01-30

Chainlink data streams now live on Layer-2 of BNB Chain

2024-10-28

ASI Bullish Reverses 50-DMA: What It Means for FET’s Future Price Action

2024-09-01

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,409.011.09%
  • ethereumEthereum(ETH)$2,514.334.39%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.38-0.16%
  • binancecoinBNB(BNB)$649.341.08%
  • solanaSolana(SOL)$165.68-1.19%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.224054-0.27%
  • cardanoCardano(ADA)$0.740.22%
  • tronTRON(TRX)$0.265342-0.19%
  • suiSui(SUI)$3.820.47%
  • chainlinkChainlink(LINK)$15.752.25%
  • avalanche-2Avalanche(AVAX)$22.18-0.83%
  • stellarStellar(XLM)$0.285831-0.60%
  • hyperliquidHyperliquid(HYPE)$26.470.50%
  • shiba-inuShiba Inu(SHIB)$0.0000150.06%
  • hedera-hashgraphHedera(HBAR)$0.191446-0.29%
  • unus-sed-leoUNUS SED LEO(LEO)$8.700.31%
  • bitcoin-cashBitcoin Cash(BCH)$391.80-1.51%
  • litecoinLitecoin(LTC)$98.870.72%
  • the-open-networkToncoin(TON)$3.01-3.24%
  • polkadotPolkadot(DOT)$4.59-1.56%
  • moneroMonero(XMR)$343.800.63%
  • bitget-tokenBitget Token(BGB)$5.181.86%
  • pepePepe(PEPE)$0.0000130.47%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.73-0.61%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.941.38%
  • aaveAave(AAVE)$240.837.57%
  • bittensorBittensor(TAO)$407.05-1.71%
  • nearNEAR Protocol(NEAR)$2.740.29%
  • aptosAptos(APT)$5.141.79%
  • okbOKB(OKB)$52.18-0.97%
  • ondo-financeOndo(ONDO)$0.920.17%
  • ethereum-classicEthereum Classic(ETC)$18.432.00%
  • kaspaKaspa(KAS)$0.106812-2.27%
  • internet-computerInternet Computer(ICP)$5.180.20%
  • gatechain-tokenGateToken(GT)$21.42-0.58%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.87-0.45%
  • crypto-com-chainCronos(CRO)$0.095761-1.57%
  • mantleMantle(MNT)$0.73-0.50%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232377-1.19%
  • vechainVeChain(VET)$0.027893-0.44%
  • render-tokenRender(RENDER)$4.550.46%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.363347-2.28%
  • filecoinFilecoin(FIL)$2.861.11%
  • algorandAlgorand(ALGO)$0.2207730.28%
  • arbitrumArbitrum(ARB)$0.3889752.35%
  • bitcoinBitcoin(BTC)$105,409.011.09%
  • ethereumEthereum(ETH)$2,514.334.39%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.38-0.16%
  • binancecoinBNB(BNB)$649.341.08%
  • solanaSolana(SOL)$165.68-1.19%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.224054-0.27%
  • cardanoCardano(ADA)$0.740.22%
  • tronTRON(TRX)$0.265342-0.19%
  • suiSui(SUI)$3.820.47%
  • chainlinkChainlink(LINK)$15.752.25%
  • avalanche-2Avalanche(AVAX)$22.18-0.83%
  • stellarStellar(XLM)$0.285831-0.60%
  • hyperliquidHyperliquid(HYPE)$26.470.50%
  • shiba-inuShiba Inu(SHIB)$0.0000150.06%
  • hedera-hashgraphHedera(HBAR)$0.191446-0.29%
  • unus-sed-leoUNUS SED LEO(LEO)$8.700.31%
  • bitcoin-cashBitcoin Cash(BCH)$391.80-1.51%
  • litecoinLitecoin(LTC)$98.870.72%
  • the-open-networkToncoin(TON)$3.01-3.24%
  • polkadotPolkadot(DOT)$4.59-1.56%
  • moneroMonero(XMR)$343.800.63%
  • bitget-tokenBitget Token(BGB)$5.181.86%
  • pepePepe(PEPE)$0.0000130.47%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.73-0.61%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.941.38%
  • aaveAave(AAVE)$240.837.57%
  • bittensorBittensor(TAO)$407.05-1.71%
  • nearNEAR Protocol(NEAR)$2.740.29%
  • aptosAptos(APT)$5.141.79%
  • okbOKB(OKB)$52.18-0.97%
  • ondo-financeOndo(ONDO)$0.920.17%
  • ethereum-classicEthereum Classic(ETC)$18.432.00%
  • kaspaKaspa(KAS)$0.106812-2.27%
  • internet-computerInternet Computer(ICP)$5.180.20%
  • gatechain-tokenGateToken(GT)$21.42-0.58%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.87-0.45%
  • crypto-com-chainCronos(CRO)$0.095761-1.57%
  • mantleMantle(MNT)$0.73-0.50%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232377-1.19%
  • vechainVeChain(VET)$0.027893-0.44%
  • render-tokenRender(RENDER)$4.550.46%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.363347-2.28%
  • filecoinFilecoin(FIL)$2.861.11%
  • algorandAlgorand(ALGO)$0.2207730.28%
  • arbitrumArbitrum(ARB)$0.3889752.35%