by on-chain analytics firm Glassnode, Ethereum depicts a NetFlow of +$10 million as exchange inflows exceeded outflows.
Netflow shows the net quantity of a cryptocurrency into and out of centralized exchanges. The difference between inflows and outflows is used to calculate its worth. When NetFlow is negative, it indicates that outflows are surpassing inflows. In this instance, investors withdraw more ETH than they deposit, and this might be bullish for the cryptocurrency.
Positive NetFlow, on the other hand, indicates that exchanges are getting more Ethereum than is being taken off. Investors typically transfer their coins to exchanges to withdraw money or buy other tokens, so the indicator's sustained positive levels might be negative.Ethereum's price failed to break out after consolidating between the $4,250 and $3,575 levels recently. As a result, the ETH/USD pair is retracing to its crucial support levels while heading lower on Tuesday.
FUD. All the coins in the market are having a dip.
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