Ethereum sees $274M inflow as ETH price drops – What now?

• Over the previous 24 hours, ETH noticed a robust surge in liquidity inflows, with buyers from a number of chains actively accumulating the asset.
• A possible new week rally for ETH hinges on institutional buyers buying the asset via spot ETFs.

Ethereum [ETH] underperformed over the past 24 hours, dropping 2%, at press time, amid a broader market crash.

Nonetheless, liquidity continues to be flowing into the asset, with over 1 / 4 of a billion {dollars} spent by massive buyers.

This shift means that ETH might see a robust begin to the week. AMBCrypto analyzed what this capital rotation would possibly imply for the second-largest cryptocurrency.

What are whales as much as?

Bridged Netflow information reveals that Ethereum attracted the best cross-chain liquidity inflows over the previous 24 hours. 

Buyers bought $274 million value of ETH, with Layer 2 networks like Base and Arbitrum contributing the biggest share of shopping for exercise.

Supply: Artemis

Ethereum’s stablecoin provide rose by $29.7 million over the identical interval—the second-largest improve recorded.

This weekend spike in Bridged Netflow suggests buyers are positioning forward of Monday’s market open, probably anticipating institutional exercise.

The uptick in stablecoin deposits additionally displays rising consumer exercise and reinforces rising bullish sentiment on the Ethereum community.

Supply: Artemis

AMBCrypto examined how earlier bullish Monday opens in Ethereum spot ETFs impacted value motion and whether or not an analogous final result might happen this time.

ETH faces setback in opposition to Bitcoin and S&P

The important thing query is whether or not ETH stays a extra engaging funding in comparison with different asset lessons.

In comparison with Bitcoin and the S&P 500, ETH has considerably underperformed, which might make it much less interesting to some buyers.

Supply: Artemis

Yr-to-date efficiency reveals ETH has declined by 35%, whereas Bitcoin has risen 58.1% and the S&P 500 has gained 10.4%.

With Bitcoin and the S&P outperforming ETH, buyers might shift their capital elsewhere, particularly with Bitcoin more and more seen as a retailer of worth.