ETH retraces, as profit-takers step in Despite ri

ETH retraces, as profit-takers step in

Despite rising demand, Ethereum’s price dropped 1.76% over the last day to $2,756.

While whales stocked up, retail profit-taking began kicking in, evident in the shift in Exchange Netflow.

The Netflow Ratio flipped positive again, meaning exchange inflows are outpacing outflows, hinting that many investors are cashing out while prices remain elevated.

This back-and-forth reflects an ongoing tug-of-war.

While ETH is leaving exchanges, it’s also entering, signaling uncertainty on whether the rally will stick.

If this stalemate persists, ETH may stay boxed within the $2,400–$2,700 range. For any sustained breakout toward $3,000, sellers must cool off.

Only once profit-taking slows can bulls seize momentum and push ETH to its short-term target.