- ETH leaving exchanges indicates strong holding sentiment.
- $4,952 is the critical resistance for a potential breakout.
- Supply constraints could drive Ethereum toward $6,000.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Ethereum (ETH), the world’s second-largest cryptocurrency, is showing signs that it could be gearing up for a significant rally. With steady exchange outflows and strong holding sentiment among investors, the first altcoin may be preparing to challenge its previous all-time high (ATH) and potentially reach $6,000.
Exchange Outflows Signal Holding Strength
Data from CryptoQuant reveals that Ethereum has consistently been leaving exchanges like Binance between July and October 2025. These negative netflows indicate that holders are reluctant to sell, removing significant supply from the market.
During the same period, ETH climbed from roughly $3,000 to over $4,400, supported by shrinking balances on major exchanges. The 30-day simple moving average of netflows remains below zero, highlighting a medium-term supply contraction. If demand from staking, DeFi, or ETF inflows continues, this scarcity could trigger a supply squeeze, setting the stage for a bullish move.
The Key Resistance Level: $4,952
Ethereum’s price has flirted with its old ATH near $4,952, a critical resistance level. A clean breakout above this point would mark a decisive shift, opening the door to new highs in the $6,000 range and possibly beyond.
Technical patterns support this outlook. ETH recently broke out from a falling wedge—a bullish setup often preceding strong upward moves. As long as the price remains above $4,400, the medium-term trend favors bulls, suggesting momentum could continue to build.
Also Read: Grayscale Launches ETH Staking ETFs as Ethereum Price Hits $4,700
What Comes Next for Ethereum?
While steady outflows and strong support zones paint an optimistic picture, the real test lies in ETH’s ability to break its ATH with conviction. Traders and analysts are closely monitoring price action around the $4,952 mark. A successful push above this level could trigger fresh buying interest and signal the next phase of Ethereum’s growth.
In short, Ethereum is at a critical juncture. If bullish momentum continues, a move toward $6,000 appears increasingly plausible, driven by supply constraints and investor confidence.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
