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NullTx 2025-01-13 10:49:19

Ethereum Market Update: Record Outflows, Accumulation Trends, and ETF Activity

This week witnessed substantial Ethereum ($ETH) outflows from exchanges, with net outflows exceeding $1.4 billion—the highest level since November. This trend points to a strong accumulation mindset among investors, signaling confidence in Ethereum’s long-term potential. This week saw significant $ETH outflows from exchanges, with net outflows surpassing $1.4 billion, the highest level since November. This suggests a strong inclination towards accumulation among investors. pic.twitter.com/IbZS8vti2P — IntoTheBlock (@intotheblock) January 10, 2025 Price Prediction: Could $2,800 Be the Next Launchpad? According to analyst Ali Martinez, Ethereum’s price appears to be following an ascending parallel channel. If this trend holds, a dip to the channel’s lower boundary around $2,800 could act as a critical launchpad, potentially propelling Ethereum to the $6,000 mark. If #Ethereum $ETH is following an ascending parallel channel, a dip to the lower boundary at $2,800 could act as a launchpad for a move toward $6,000. pic.twitter.com/uYP6BW3DZh — Ali (@ali_charts) January 10, 2025 Fidelity’s Major Ethereum Deposit In the past 34 hours, Fidelity, through its trading partner Cumberland, has deposited 64,997 ETH (valued at $213 million) into Coinbase. This significant transaction underscores the growing interest and involvement of institutional players in Ethereum. Fidelity has deposited 64,997 $ETH ($213M) into #Coinbase via #Cumberland in the past 34 hours. https://t.co/QvySdtaMLc pic.twitter.com/uLa7VauD96 — Lookonchain (@lookonchain) January 10, 2025 ETF Activity and Net Outflows On January 9, Ethereum ETFs collectively recorded a net outflow of 4,701 ETH, amounting to $15.21 million. Grayscale’s Ethereum Mini Trust alone accounted for 3,298 ETH ($10.67 million) in outflows, leaving its total holdings at 471,912 ETH, valued at approximately $1.53 billion. Jan 9 Update: 10 #Bitcoin ETFs NetFlow: -4,964 $BTC (-$458.3M) #iShares (Blackrock) outflows 1,319 $BTC ($121.8M) and currently holds 557,882 $BTC ($51.51B). 9 #Ethereum ETFs NetFlow: -4,701 $ETH (-$15.21M) #Grayscale Ethereum Mini Trust outflows 3,298 $ETH ($10.67M) and… pic.twitter.com/ajQglVGx0e — Lookonchain (@lookonchain) January 9, 2025 Accumulation Signals Amid a Dynamic Market The combination of record-breaking outflows, institutional activity, and ETF net withdrawals highlights a dynamic Ethereum market. While outflows suggest accumulation and long-term optimism, price trends and ETF movements reflect a cautious yet strategic approach by both retail and institutional investors. As Ethereum continues to consolidate within key price levels, market participants remain attentive to potential breakout opportunities and institutional signals. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: ra2studio/ 123RF // Image Effects by Colorcinch

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