Ethereum Exchange Inflows Decline As Sellers Cool Off, Will Price Follow?

Ethereum exchange inflows had been on the high side for the better part of the past week. They averaged above $1 billion each day giving credence to the sell-off trend that has been experienced in the market. However, it seems there is a turn in the tide coming. As the weekend draws to a close, exchange inflows have been on the decline. This signals that the sellers are entering into a cool-off period that could potentially alter the price movement. Inflows Fall Below $1 Billion This week had opened up with alarming inflows into exchanges. Although the outflows had been enough to offset this, the rate at which investors were moving their Ethereum into exchanges was enough to be a cause of alarm. At its peak, Ethereum had seen $5.2 billion flowing into exchanges in a single day, rivaling even that of bitcoin. Related Reading | Experts Say Ethereum Will Grow 100% To Hit $5,783 By Year-End This trend would continue for the next couple of days where inflows had been lower than this peak number but remained above the $1 billion mark. That is until the midweek trading market where exchange inflows had slowed significantly and finally dropped below $1 billion. In the past 24 hours, the amount of ETH flowing into exchanges had dropped to $880 million. This signals that sellers are now taking a break from flowing the market with coins. 📊 Daily On-Chain Exchange Flow#Bitcoin $BTC➡️ $1.5B in⬅️ $1.6B out📉 Net flow: -$112.5M#Ethereu...