Ether Hits Highest Inflows in Months: $306M Moved in One Day
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Ether (ETH) holders moved their assets to exchanges at the fastest pace in about four months after a rapid 30% rally, likely for short-term profit-taking. According to Nansen Intelligence, on Tuesday, net flows were reported to be 81,840 ETH, approximately valued at $306 million. This marks the highest single-day inflow since January 23 and the third consecutive day of increased inflows. This surge coincides with the soaring anticipation of the approval of U.S. spot ETFs. Analyst David Shuttleworth mentioned that traders capitalize on the swift price increase from around $3,000 to over $3,800.
