Recent reports have uncovered a significant movement of Ethereum (ETH) tokens from various cryptocurrency exchanges. According to data from IntoTheBlock, over $1.4 billion worth of Ethereum has been withdrawn from exchanges. This massive outflow of ETH indicates a potential shift in investor behavior and market dynamics.
Ethereum Experiences Large Outflows from Exchanges
IntoTheBlock, a leading crypto analytics platform, disclosed that more than $1.4 billion worth of Ethereum was recently transferred out of cryptocurrency exchanges. This type of large-scale transfer typically occurs when investors purchase a cryptocurrency from an exchange and move it to their personal wallets for safekeeping, rather than leaving it on the exchange.
Given the substantial amount of ETH involved in these outflows, it suggests that investors may be opting to hold onto their assets instead of selling them. Data from IntoTheBlock indicates that approximately 74% of Ethereum investors have been holding their assets for over a year, showcasing a trend of long-term investment strategies among ETH holders.
The last time Ethereum exchanges experienced such high outflows was back in November 2024. During that period, Bitcoin (BTC) and Dogecoin (DOGE) were dominating the market, experiencing significant price surges following Donald Trump’s victory in the US Presidential elections. In contrast, Ethereum struggled to reach new highs amidst price fluctuations and volatility.
Despite the current market conditions and potential price risks, investors seem to be holding onto their Ethereum assets, anticipating a possible price increase in the future. This behavior is reflected in the decreasing overall selling pressure in the Ethereum market, as highlighted by CryptoQuant’s data on net flows.
Recent data from IntoTheBlock also reveals a notable increase in inflows and outflows of Ethereum, with a substantial surge in outflows. Additionally, there have been significant outflows from Ethereum Spot ETFs, indicating a shift in investor sentiment towards holding onto their assets rather than liquidating them.
Analyst Predicts Bearish Price Outlook for Ethereum
A crypto community on X, ‘More Crypto Online (MCO),’ has shared a pessimistic price forecast for Ethereum, predicting a potential decline in line with the third wave of the Elliott Wave theory. The analyst suggests that Ethereum is likely to remain in a consolidation phase as it navigates through its Wave 2.
The analyst has outlined target levels for the projected decline in Wave 3, with key levels at 100%, 123.6%, and 138%. If Ethereum experiences a downturn to these levels, its price could potentially drop to $2,841, $2,660, and $2,555, respectively.

Featured image created with Dall.E, chart from Tradingview.com