Ethereum sees a $ 153 million flow – but this kept the price of ETH freezing star-news.press/wp

• Ethereum recorded $ 153 million in the embodied Netflow, especially from the base, but the price remained stagnant at the time of the press.
• Despite liquidity flows, ETH risks violating support unless the buyer’s momentum is quickly.

ETHEREUM (ETH) It barely shaved in the past 24 hours, despite strong capital flows.

At the time of the press, ETH was circulated flat, and a daily change was published by 0.00 %.

But Ambrypto analysis was found that it is under calm, the liquidity turns, and the market morale increases its heavier in the hour.

Liquidity flows in ETH, but the price remains flat

The analysis shows that during the past 24 hours, the most positive ETH registered Netflow, indicating more liquidity flow.

Netflow measures blocking the amount of liquidity that moved between different assets. In the case of ETH, the majority of liquidity flow came from the base.

Source: Artemis

However, ETH barely moved. This contradiction says.

When large flows do not lead to upward momentum, it is often because the pressure pressure works as a balance of balance. Now, this weight appears to be growing.

Form a rift on the floor of the month of ETH?

The ETH price time analysis on the graph shows that Altcoin may witness a significant decrease in prices in the upcoming trading sessions.

ETH has been traded in a narrow unification range since mid -May. But the price is now embracing the support line.

Source: Devillama

The level of support historically has pushed the price to the upward trend; However, in this case, the opposite appears to be true, especially as the declining pressure in the market continues significantly.

According to Defillalama, the total closed ETHEREUM value reached $ 89.13 billion on June 11.

But by the time of the press, TVL decreased to 84.53 billion dollars, which represents a way out of $ 4.6 billion in less than 48 hours.

Source: Devillama

This significant decrease in the continuous flow of liquidity in the market, which reflects the weak market morale and increases the possibility that ETH loses a great value.

The futures market shows low interest

A wider vision of the derivative market adds weight to the decreased preparation.

ETH futures analysis at the time showed that the open interest has decreased sharply, from 41.43 billion dollars to 34.66 billion dollars.

6.77 billion dollars offer traders reduce exposure or a filter.

Source: Coinglass

Meanwhile, the long qualifiers in the market formed $ 29.56 million, with a total reference at $ 13.30 million.

Constant pressure can affect the sale and decline in long situations significantly, which may lead to a further decrease in the market.