Ethereum’s Netflow Shifts to Deep Negative, Indicating Buying Pressure and Market Resilience

Ethereum’s 30-day netflow, measured by the SMA30 metric, has turned deeply negative at -40,000 ETH. This signals continued exchange outflows and steady accumulation of Ethereum across various markets. Over 1.2 million ETH were withdrawn from exchanges within the past month, primarily driven by spot ETF purchases that have reduced available liquidity on platforms.