Ethereum’s 30-Day Netflow Plunges Deeper Into Negative Territory—Buyers Are in Control
Ethereum's supply crunch just got real. The 30-day netflow has nosedived further into negative territory—a flashing neon sign that buyers are hoarding ETH like Wall Street hoards excuses for a market crash.
Bullish Takeover
With netflow sinking, demand is outstripping available supply. Traders aren't just dipping toes in; they're diving headfirst, betting big on Ethereum's next leg up. No weak hands here—just accumulation mode.
Market Mechanics at Play
Negative netflow means more ETH exiting exchanges than entering. That’s liquidity getting locked away in cold storage, tightening the screws on short-sellers and setting the stage for a potential squeeze. Cue the 'when lambo' crowd.
Finance Jab of the Day
Meanwhile, traditional finance is still trying to tokenize paper receipts—bless their analog hearts.
Ethereum Exchange Outflows Signal Strong Buying Pressure
According to top analyst Burak Kesmeci, Ethereum has seen 1.2 million ETH withdrawn from exchanges in just one month, marking one of the most significant accumulation trends in recent history. While headlines often highlight single-day spikes — like “100,000 ETH withdrawn from exchanges!” — Kesmeci stresses that these snapshots can be misleading. The real insight comes from observing sustained trends over time.
The Ethereum All Exchanges Netflow metric tracks the balance of inflows and outflows across all exchanges. Positive values represent ETH inflows, which can signal potential selling pressure as coins MOVE onto exchanges. Negative values represent outflows, typically a sign that buying pressure dominates, as investors transfer coins to private wallets, staking contracts, or DeFi protocols.
In 2025, the SMA30 (30-day Simple Moving Average) of netflows has been firmly in negative territory, strengthening in recent weeks. As of August 12, 2025, the SMA30 stands at -40,000 ETH, meaning an average daily outflow of 40,000 ETH over the past month. This level of sustained withdrawal indicates strong conviction among holders.
As long as the SMA30 remains negative, Ethereum’s uptrend is likely to continue. A shift to positive territory could signal easing demand, but for now, the momentum remains firmly with the bulls. This trend reinforces the view that ETH’s rally still has room to run in the short term.
Price Action Details: Closing In On All-Time Highs
Ethereum (ETH) is trading at $4,691 on the weekly chart, posting a sharp 10.34% gain as bullish momentum accelerates. This rally has pushed ETH to its highest level since November 2021, bringing it within reach of its all-time high NEAR $4,860. The breakout from the $3,860 resistance zone earlier this month was decisive, supported by strong volume, and now serves as a key support level.
Technical indicators show ETH well above its 50-week SMA ($2,776), 100-week SMA ($2,763), and 200-week SMA ($2,443), confirming a robust long-term uptrend. The slope of the 50-week SMA is turning sharply upward, reflecting the speed of recent gains.
If bulls can maintain momentum and break through $4,860, ETH WOULD enter price discovery for the first time in nearly four years, potentially triggering an acceleration in buying activity. However, the $4,700–$4,860 range remains a historically significant resistance zone, and profit-taking could cause short-term pullbacks.
Featured image from Dall-E, chart from TradingView
