Ethereum netflows seem to be negative across all exchanges right now, as exchange reserves continue their downward trend.
Ethereum Reserves On A Downtrend
As pointed out by a CryptoQuant post, ETH reserves continue with a downward trajectory. The all exchange netflows are also very red.
The Ethereum all exchanges reserve is an indicator that shows the total number of coins held in wallets of all exchanges.
When the metric goes up in value, it means more investors have their ETH on exchanges for selling, altcoins purchasing, or margin trading.
Here is how the Ethereum all exchanges reserve looks like at the moment:
ETH all exchanges reserve continues to fall down
The above chart makes it clear that Ethereum all exchanges reserve has been continuing its downtrend since the past few months.
The latest downward curve seems to show quite a sharp trajectory. A decrease in the exchange reserves should mean there isn’t much selling pressure in the