Mr.Arshman

06/13 09:02

ETH Pulls Back as Profit Takers Step In Despite

ETH Pulls Back as Profit Takers Step In

Despite rising demand, Ethereum has fallen 1.76% in the past day to $2,756.

While whales have been stockpiling, retail profit-taking has begun to take effect, as seen by the change in the exchange’s net flow ratio.



The net flow ratio has turned positive again, meaning inflows into the exchange are outpacing outflows, suggesting that many investors are cashing out while prices remain high.

This swing reflects the ongoing tug-of-war.

While ETH is leaving the exchanges, it is also entering, signaling uncertainty about whether the rally will hold.

If this stalemate persists, ETH could remain within the $2,400–$2,700 range. For any sustained breakout to $3,000, sellers should cool off.

 Only after profit taking slows down will the bulls be able to take advantage of the momentum and push ETH towards its short-term target.

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