The main dishes to remember:
Ether (ETH) teases a continuation of its bull cycle while the net cumulative exchange flow becomes negative for the first time in history.
Is this the trigger necessary to postpone the price of ETH in the discovery of prices?
The balance of the ethn exchange flow becomes negative
The founder and CEO of Data Analytics Platform Alphractal, Joao Wedson, stressed that the balance of Ether exchange flow has become negative for the first time in history.
The balance of the exchange flow is a metric that follows the Cumulative Eth Cumulative flow in all exchanges over time and how the flows change over time.
A positive value means more deposits than withdrawals, suggesting potential sales pressure. Although a negative balance indicates that more ETH token leave the exchanges than deposits, it is a sign of accumulation and long -term behavior.
“Billions of dollars of eTh move away from exchanges!” Wedson said in a post X Friday, adding:
“This historic step could mark a major change in the behavior of ETH investors!”
In other words, ETH leaves exchanges at an accelerated pace. In particular, exchange exits have increased since mid -July, reflecting significant accumulation and a decrease in supply – the two bull signs.
As Cointelegraph reported, the Eths of Eth of Global Exchanges are at their lowest 9 years. The balance of ether on exchanges is 15.72 million from ETH to Friday, the levels seen for the last time in July 2016, according to Glassnode data.
Reducing supply on exchanges means that fewer ETH can be easily sold, potentially causing a shortage of liquidity and long -term prices.
The price of the ether must recover $ 4,500 to secure the recovery
While Cointelegraph continues to bring it back, a key to short -term resistance for the price of the ETH remains $ 4,500, and the bulls must switch this in a new support to go higher.
Note that this level has capped the price since the ETH slipped to $ 4,300 on August 29.
“$ ETH broke out of the corner fall, has retested and now hovers above the key support,” said Crypto Jelle trader in a Friday article on X.
The merchant pointed out that a decisive fence greater than $ 4,500 would leave “very little standing” of a higher movement in the discovery of prices.
“$ 5,000 is only the start.”
Analyst Donald Dean shared a graph showing the compression of ETH prices in a tight range in a bull pennant, suggesting that a significant decision was imminent.
A daily candlestick nearby above the upper trend line of the pennant at $ 4,500 is a must to confirm the escape.
Based on Fibonacci’s retracement levels, Dean set the Bull pennant lenses at $ 5,766, $ 6,658 and $ 9,547.
$ Ethusd $ ETh Ethereum – What do you see?
Price objectives: $ 5,766, $ 6,658, $ 9547
Consolidation in a descending corner, training of bullish pennants.
Price objectives set at ETH / BTC ratios:
$ 5,766 to 50% trace
$ 6,658 at the level of the 618 FIB
$ 9,547 for a 100% trace$ Etha $ pic.twitter.com/e7b6ofd5xi– Donald Dean (@donaldjdean) September 4, 2025
Several bullish signs suggest that ETH is well placed to exceed $ 5,000 in the following days or weeks.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.