Ethereum sits like an old dog on the porch, eyeing the horizon. It’s nearly at its all-time high, and the folks tallying numbers-those odd-jobs with calculators and graphs-are beside themselves. ETH trades somewhere in the $4,600 range. Four percent from the summit. Close enough you can taste the switch from ramen to steak.
Daily Outflows: Like Cattle From a Dustbowl Town 🐄
Seems 1.2 million ETH packed up and left the big crypto exchanges this month. Burakkesmeci, one of those fencepost prophets (armed with spreadsheets, not whisky), says the uptrend has legs. Ethereum’s price has gone up 53.8% in thirty days. Numbers like that get folks remembering the last time the crops were good. ETH was scraping $1,500 in April, and now it’s three times that-maybe a sign, maybe a prank.
Our friend Burak points out the All Exchanges Netflow metric. Fancy words for counting the coins coming and going like coins stuffed under mattresses during hard times. The 30-day Simple Moving Average (SMA30) fell so negative it’d make Steinbeck’s Okies blush.
If you’re new to this rodeo, SMA30 is just averaging the flows-like counting the beans each day, tossing out the oldest and scooping in the latest, hoping it’ll smooth out the bumps. Picture grandma knitting a scarf, each day adding a new row, dropping the oldest stitch with a sigh.
By August 12, the SMA30 was at -40,000 ETH. That’s an average daily outflow: forty-thousand coins melting away from exchanges like ice cream on a Salinas summer day. The thinking is simple: folks are stashing coins in cold wallets, maybe burying them under the barn, waiting to ride the next wave to glory.
Burak circles his wagons and points at spot ETH ETFs-those newfangled town banks. Over $1.5 billion shuffled in during the week ending August 12. Since May, ETFs have been guzzling ETH like a parched traveler, slurping down $8 billion in three months. Now, they’re sitting on $27.6 billion, almost 5% of the whole Ethereum pie-don’t let it near your diet.
ETH Keeps Dancing-But Watch Your Shoes 👞
Burak’s grand thesis: as long as that SMA30 stays buried in the cellar, ETH’s price might keep shuffling upward. The moment it flips, the party’s over, at least for a bit. But some of the town’s loudest voices say ETH might hit $8,600 if Bitcoin becomes the village mayor at $150,000. After the peak, expect everyone to sit around swapping stories in a slow, muddy circle.
Don’t miss Orbion, the local fortune-teller, who’s hollering from the street corner: “Sell all your ETH in October if it hits $5,800 to $6,000!” At the present moment, ETH stands at $4,684-a 6.8% jump. There’s always someone who thinks the next coin toss will put food on the table.
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2025-08-14 02:24