Ethereum Netflows Surge to $516M in 7 Days, Outpacing Rivals
Ethereum netflows recorded a $516.4 million inflow over the past week, dwarfing rival chains such as Polygon ($102.9 million). These Ethereum netflows highlight investor conviction amid Federal Reserve Chair Powell’s Jackson Hole remarks, which fueled interest-rate cut speculation and boosted risk assets. Concurrently, Ethereum broke its all-time high near $4,860, closing at $4,876 after a 13% daily gain, confirming sustained bullish momentum. On-chain metrics show shrinking exchange supply, rising institutional adoption, and active DeFi and staking activity. Technical indicators point to strength, with ETH trading above its 50-, 100-, and 200-week moving averages. Key support rests at $4,200–$4,300, while resistance enters price-discovery territory. Traders should monitor derivatives open interest and liquidity trends for further upside signals. Overall, the Ethereum rally and netflow dominance underscore its leading role in DeFi and the broader crypto market.
Bullish
The news is bullish because Ethereum netflows of $516 million in seven days signal strong buying pressure and confidence from both institutional and retail investors. Historically, large net inflows precede extended price rallies as liquidity shifts on-chain support higher valuations. The break above the $4,860 all-time high, combined with technicals showing ETH trading above key moving averages, mirrors past bullish phases (e.g., early 2021) when on-chain demand and Fed easing expectations drove extended gains. With shrinking exchange supply, rising DeFi activity, and growing derivatives open interest, this setup suggests continued upside in both the short and long term. Traders can watch support at $4,200–$4,300 for entry and monitor liquidity trends for further confirmation of a sustained bull run.