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Details: ht
ETHEREUM Bull Alert: The Signal No One's Talking About
I've been watching ETH like a hawk lately, and what I'm seeing has me genuinely excited. The exchange flux balance has just turned negative for the first time EVER. Let me tell you why this matters so damn much.
When I track these exchange flows, I'm essentially following the smart money. Right now, billions worth of ETH are being yanked off exchanges at record pace. This isn't just normal market movement – it's a massive vote of confidence from serious players.
Since mid-July, this trend has been accelerating. Only 15.72 million ETH remain on trading platforms – the lowest level in NINE YEARS! Think about what that means: less supply available for immediate selling. Basic economics tells us what happens next: price goes up.
I'm looking at the charts and ETH is sitting around $4,305, but that $4,500 resistance is the real battleground. Break that, and we could see this thing fly. The recent breakout from that falling wedge pattern has me particularly intrigued – it's textbook technical signaling.
What's really got me convinced is that tight bull pennant formation. If we get a strong daily close above $4,500, I'm looking at potential targets of $5,766, $6,658, and honestly, I wouldn't be shocked to see $9,547 based on those Fibonacci levels.
Too many traders are sleeping on these signals. While everyone's distracted by the latest meme coin pump, this fundamental shift in ETH's market dynamics is quietly setting up what could be an explosive move.
Market cycles come and go, but signals this clear don't appear often. Those who've been through previous cycles know: when coins leave exchanges en masse, upside typically follows. This isn't guaranteed profit – nothing in this space is – but these are the exact conditions I look for before making my moves.
ETH above $5,000 soon? The data suggests it's not just possible, but increasingly probable.