Ethereum Traders Buy the Dip Despite Third-Largest Spot Outflow Since October

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according to CoinGlass data.The negative netflow indicates more Ethereum was moved from exchange wallets into private custody than was deposited, an action typically interpreted as bullish among crypto investors.Since this activity aligns with the recent drop, it could be seen as investors buying the dip for long-term holding.The two previous instances of major outflows, including $677 million on October 10 and $361 million on October 21, were followed by price surges of 13% and 7.9%, respectively.The recent sell-off, which pushed Ethereum to an intraday low of $3,466, also liquidated $325 million in long positions, per CoinGlass data—a flush of leverage that often precedes a bullish reversal.BitMine Adds $294 Million in Ethereum as Tom Lee Makes Bullish Bitcoin, ETH Price Projections“Ethereum’s $359 million spot outflow is significant,” Shivam Thakral, CEO of Indian exchange BuyUcoin, told Decrypt. “It could point to renewed accumulation or dip buying. Typically, when investors move Ethereum off exchanges, it signals growing confidence and long-term holding intent.”When asked if the historical pattern of a 7% to 13% bounce will repeat, the analyst noted that the “signal leans bullish,” but the follow-through depends on whether fresh demand materializes in the coming sessions.He also highlighted that Ethereum’s typically strong year-end seasonality could amplify any potential rebound. “That historical tailwind could amplify this bounce, especially if on-chain activity and staking flows stay strong,” Thakral said.A key supportive factor is the temporary pause in the U.S.-China trade war, which removes a major overhang for risk assets.The analyst, however, tempered his outlook with caution, suggesting that “broader macro risks from rate cut-induced volatility to geopolitical uncertainty still linger,” meaning global liquidity conditions will be the deciding factor in whether Ethereum’s expected rally materializes.Ethereum is down 5.9% over 24 hours, and is currently trading at $3,498, with its fortnightly and monthly performance down double digits, per CoinGecko data.Users of prediction market Myriad, launched by Decrypt's parent company Dastan, flipped bearish on Ethereum Tuesday morning after an indecisive start to the week, placing a 61% chance on its next move taking it to $3,100 rather than $4,500.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,796.29 +24.74 (+0.37%)Dow 3047,311.00 +225.76 (+0.48%)Nasdaq23,499.80 +151.16 (+0.65%)Russell 20002,464.78 +37.44 (+1.54%)VIX18.01 -0.99 (-5.21%)Gold3,980.80 -12.10 (-0.30%)PortfolioSign in to access your portfolioSign inTop gainersLMND Lemonade, Inc. 78.73 +20.07 (+34.21%)TDC Teradata Corporation 27.46 +6.75 (+32.59%)SEDG SolarEdge Technologies, Inc. 41.02 +9.20 (+28.91%)VCYT Veracyte, Inc. 46.04 +9.92 (+27.46%)LITE Lumentum Holdings Inc. 232.75 +44.39 (+23.57%)Top losersTREX Trex Company, Inc. 32.43 -14.61 (-31.06%)SLNO Soleno Therapeutics, Inc. 46.87 -16.98 (-26.59%)PRGO Perrigo Company plc 15.10 -5.09 (-25.21%)PINS Pinterest, Inc. 25.75 -7.16 (-21.76%)SUPN Supernus Pharmaceuticals, Inc. 47.11 -9.89 (-17.35%)Most activeRIVN Rivian Automotive, Inc. 15.42 +2.92 (+23.36%)NVDA NVIDIA Corporation 195.21 -3.48 (-1.75%)PFE Pfizer Inc. 24.61 +0.31 (+1.28%)PLUG Plug Power Inc. 2.6400 +0.1200 (+4.76%)TSLA Tesla, Inc. 462.07 +17.81 (+4.01%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersSNAP Snap Inc. 7.30 -0.17 (-2.28%)HOOD Robinhood Markets, Inc. 142.48 +5.68 (+4.15%)DUOL Duolingo, Inc. 260.02 -2.02 (-0.77%)QCOM QUALCOMM Incorporated 179.72 +6.88 (+3.98%)IONQ IonQ, Inc. 55.41 +2.03 (+3.80%)Top economic events