Ethereum’s Bullish Momentum Builds as Net Flows Turn Negative, Price Targets $3,500
Ethereum’s recent net flow trends and price movements suggest a strong bullish sentiment among investors, with the cryptocurrency eyeing the $3,500 mark. Here’s a detailed analysis of the current market dynamics and what they could mean for ETH’s future.
Ethereum Net Flows Signal Bullish Momentum as Price Eyes $3,500
Ethereum’s net flows have turned negative over the past week, suggesting growing bullish sentiment among investors. The trend indicates more ETH is being withdrawn from exchanges than deposited—a classic accumulation signal.
Exchange net flows serve as a key metric for gauging market sentiment. Positive flows typically precede sell-offs, while negative flows imply buying pressure. Coinglass data reveals Ethereum’s current outflow dominance aligns with the push toward $3,500.
Polygon Co-Founder Mihailo Bjelic Steps Down, Plans to Stay in Crypto Space
Mihailo Bjelic, a pivotal figure behind ethereum scaling solution Polygon, has resigned from the Polygon Foundation. His departure marks the third high-profile exit from the project this year, yet development continues unabated with initiatives like the Agglayer Breakout Program.
In a May 23 post on X, Bjelic signaled an ongoing commitment to cryptocurrency despite stepping back from daily operations. "After much thought and reflection, I’ve decided to step down from the board," he wrote, hinting at future endeavors within the industry.
Colleagues universally praised Bjelic’s contributions, noting his instrumental role in transforming Polygon into a leading Layer 2 solution. The protocol remains a critical infrastructure component for Ethereum’s scalability.
Ethereum Holder Sold Over $570 Million in 48 Hours – What’s Next for ETH?
Ethereum faces mounting selling pressure as investors offload 225,779 ETH tokens worth $576 million within 48 hours. The rapid divestment signals eroding confidence and a shift toward profit-taking amid stagnant prices.
Technical indicators reinforce the bearish sentiment. Glassnode data reveals a sharp spike in exchange inflows, suggesting holders are preparing to liquidate positions rather than accumulate. Such supply shocks typically precede extended consolidation periods.
The second-largest cryptocurrency now tests critical support levels. Market structure resembles previous distribution phases where ETH underperformed Bitcoin for weeks. Traders await either a decisive breakdown or institutional bids to absorb the selling.
Ethereum’s Pectra Upgrade and Ruvi AI’s Rapid Adoption Signal Blockchain Sector Momentum
Ethereum’s Pectra upgrade marks a strategic push for institutional adoption, enhancing staking infrastructure as ETH stabilizes NEAR $2,500 following a recent peak at $2,700. The update targets large-scale investors through streamlined withdrawals and fortified security protocols.
Meanwhile, Ruvi AI demonstrates explosive demand in its niche, selling out Phase 1 allocations and attracting over 1,200 holders. The project’s fusion of blockchain and artificial intelligence positions it as a disruptor in enterprise solutions.
