Ethereum price bottom? $1.8B in ETH leaves exchanges, biggest outflow since 2022
March 10 2025 - 8:20AM
Cointelegraph
Ethereum’s native token, Ether (ETH), witnessed its
lowest weekly close since November 2023, highlighting just how much
the top altcoin has struggled over the past few months. 
Ethereum 1-day chart. Source:
Cointelegraph/TradingView
In the past 83 days, it declined by 51%, translating to an
average daily loss of approximately 0.61%. If the losses are
compounded daily, the rate increases to about 0.84%.
Ethereum exchange outflows hit 27-month high
According to IntoTheBlock, a crypto analytics platform, Ethereum
witnessed significant outflows worth $1.8 billion over the past
week. It was the highest weekly outflow since December 2022, and in
an X post, the platform added,
“Despite ongoing pessimism around Ether prices, this
trend suggests many holders see current levels as a strategic
buying opportunity.”
Ethereum net flows on aggregated exchanges. Source:
X.com
Fellow onchain data provider CryptoQuant
paints a similar picture. The 30-day simple-moving average of
Ethereum netflows dropped to roughly 30,000 ETH last week, which
was last recorded toward the end of December 2022.
Exchange exchange total netflows. Source:
CryptoQuant
Likewise, Ethereum’s MVRV (market value to realized value) ratio
dropped to 0.8 for the first time since Oct. 18, 2023, as
observed in the chart.
Related: Crypto ETPs see 4th straight week of outflows,
totaling $876M — CoinShares
The MVRV ratio is a metric that calculates ETH’s market price to
the average price at which all ETH in circulation was last
moved.
Ethereum MVRV ratio. Source: CryptoQuant
An MVRV ratio below 1 indicates undervaluation, signaling a
potential buying opportunity. For context, when the MVRV ratio
dropped to 0.8 on Oct. 18, 2023, Ether registered a local bottom
near $1,600, followed by a bullish reversal and the beginning of
the 2024 bull run.
Is the Ethereum bottom in?
Ether price is currently consolidating near its psychological
level at $2,000, following a steady correction since the beginning
of 2025.
With respect to this intraday price action, Mikybull, a
technical analyst, points
out that Ethereum is “showing a bullish reversal” with a diamond
price pattern.
Ethereum 4-hour analysis by Mikybull. Source: X.com
A diamond pattern after a downtrend suggests a potential bullish
reversal. Based on this pattern’s measured target, Ether could
rebound about 20% to $2,600 from its current price.
Ethereum weekly chart. Source:
Cointelegraph/TradingView
On the flip side, Ether’s weekly chart closed below the 200-day
EMA level for the first time since October 2023. Since 2020, ETH
price has remained under this indicator for less than 15% of the
time. Previously, Ether rebounded in the following week every time
it dropped below this trendline in 2023.
Related: Bitcoin ‘Monte Carlo’ model forecasts $713K
peak in 6 months
However, a prolonged period under this line may extend ETH’s
bottom price target. Thus, it will be critical for Ethereum to
bounce back above this EMA trendline to confirm the bottom over the
next few days or weeks.
This article does not
contain investment advice or recommendations. Every investment and
trading move involves risk, and readers should conduct their own
research when making a decision.
...
Continue reading Ethereum price bottom? $1.8B in ETH
leaves exchanges, biggest outflow since 2022
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Ethereum price bottom? $1.8B in ETH leaves
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