380 million dollars Eth Exchang

• More than 380 million dollars in Ethereum has left exchanges last week.
• The large ETH owners increased their positions, canceling the long -term descending trend in the concentration of the wallet.
• Data on the chain suggest the growing confidence of investors, despite the fact that they restrained the volume of trade and current market caution.

Ethereum (ETH) continues to flow out of centralized exchanges with a significant speed. Over the past seven days alone, the net outflow has exceeded $ 380 million, according to the Blockchain Analystation IntoTheblock.

This reduction of ETH, held by the exchange, reflects the growing accumulation of investors in an independent part and may indicate a tightening narrative of deliveries, which historically preceded price rallies.

ETH accumulation remains, despite the volatility of prices

The data show that Ethereum pure flows from exchanges were invariably negative from April 24 to May 1, and a particularly large outflow was registered on April 26. Such behavior suggests that investors used short -term prices to buy and abandon ETH to independent work.

Despite the price fluctuations during the week, ETH finished the period on a positive note, rising back above 1840 dollars. Analysts interpret a stable outflow of exchange as a bull sign, since a decrease in the supply on exchanges reduces the risk of sales pressure and can create conditions for a breakthrough if the demand increases.

Data in the chain show the accumulation of whales, sustainable activity

This trend in the outflow confirms a wider narrative that Ethereum can tune in a serious rebound after a significant reduction in bitcoins in this cycle. Recent data from Cryptoquant show that the distribution of Ethereum supplies by the size of the wallet indicates that the largest holders either support their positions or continue to accumulate.

The analyst Cryptoquant Darkost emphasized that since August 2024, wallets containing more than 100,000 ETH have increased by about 3%. He sees in this a sign of the positioning of “smart money”. He noted that since 2020, the share of ETH, held by large wallets, gradually decreased, but this trend now, according to the visible, is changing.

More accurate data on the chain indicating the probable Ethereum rally

Drokost also noted that the number of active addresses remains stable, despite the decrease in ETH prices. He observed significant pressure on the sale in the derivatives market, although this can weaken. It is noteworthy that the volume of pure tucker has become positive on April 23 and 24, which can signal the beginning of the lower process if the trend continues.

Drokost emphasized that these indicators are contrary to the narrative “Ethereum is dead. In fact, despite the fact that ETH is currently trading about 62% below its high level of 2021, the data in the chain indicate constant strength and strategic accumulation.

How to approach

Drokost came to the conclusion that although some encouraging long-term signals exist, the data in the chain still reflect a prolonged sense of pessimism around ETH. He also noted that the open percentage has decreased significantly, and that the volume of trade remains depressed, both of which emphasize cautious market moods.

In his opinion, the most prudent approach may now be the expectation of a clear cancellation of a bear tendency or, as much as possible, to participate in the Affection of Affection of a Mild dollar (DCA).