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Ethereum price bottom? $1.8B in ETH leaves exchanges, biggest outflow since 2022

Coin Telegraph LogoCoin Telegraph11h ago

Ethereum price bottom? $1.8B in ETH leaves exchanges, biggest outflow since 2022 - Coin Telegraph

Quick Summary:

It was the highest weekly outflow since December 2022, and in an X post, the platform added, “Despite ongoing pessimism around Ether prices, this trend suggests many holders see current levels as a strategic buying opportunity.”Ethereum net flows on aggregated exchanges.Source: X.comFellow onchain data provider CryptoQuant paints a similar picture.

Related: Crypto ETPs see 4th straight week of outflows, totaling $876M — CoinSharesThe MVRV ratio is a metric that calculates ETH’s market price to the average price at which all ETH in circulation was last moved.Ethereum MVRV ratio.

Ethereum’s native token, Ether (ETH), witnessed its lowest weekly close since November 2023, highlighting just how much the top altcoin has struggled over the past few months.Ethereum 1-day chart.

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Article Details

Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 13:20:00 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26832427

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 654 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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