Ethereum

Plunge

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Ethereum has witnessed over $1 billion outflow from exchanges, with a slight increase in its price by over 1%.</li>
 <li>Despite the price decline, Ethereum’s accumulation metrics and exchange outflows have been moving in opposite directions.</li>
</ul>
<p>Despite a recent drop in price, <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> has seen an increase in exchange outflows and accumulation metrics.</p>
<h2 id="ethereum-s-price-trend">Ethereum’s Price Trend</h2>
<p>Ethereum experienced a significant daily decline on 11th June, with its price dropping by almost 4.6%.</p>
<p>This drop pushed Ethereum into a bear trend, as indicated by its Relative Strength Index (RSI) falling below the neutral line.</p>
<p>Despite this, Ethereum’s price has slightly recovered, increasing by over 1% and trading at around $3,500.</p>
<h2 id="ethereum-accumulation-and-outflow">Ethereum Accumulation and Outflow</h2>
<p>Whale addresses have continued to accumulate Ethereum despite the price decline.</p>
<p>The number of addresses holding between 10,000 to 100,000 ETH has increased, and whales have bought over 240,000 ETH, worth around $840 million, since the decline started.</p>
<p>Furthermore, Ethereum has seen a significant outflow, particularly from <a href="https://coineagle.com/exchange/gdax/" rel="noopener noreferrer nofollow">Coinbase</a>, with over 336,000 ETH, worth approximately $1 billion, leaving the exchange.</p>
<p>Ethereum’s netflow analysis shows that outflows have dominated in the last few days, indicating that more traders are buying ETH as its price declines.</p>

Unraveling Ethereum’s $1B Exodus Amid Price Plunge

Table of Contents

CoinEagle.com

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