- In the last 24 hours, ETH saw a sharp increase in liquidity inflow, whereby investors of several chains actively accumulated actively.
- A potential new weekly rally for ETH Penders from institutional investors who actively buy it through spot ETFs.
Ethereum [ETH] The past 24 hours under the press, at the time of the press, under the press, amid a wider market crash.
However, liquidity still flows into the active, with more than a quarter of a billion dollars issued by large investors.
This shift suggests that ETH could see a strong start of the week. Ambcrypto analyzed what this capital rotation could mean for the second largest cryptocurrency.
What are whales planning?
Bridged Netflow Data shows that Ethereum has recruited the highest cross-chain liquidity inflow in the last 24 hours.
Investors bought $ 274 million from ETH, with Layer 2 networks such as base and arbitrum contribute the largest share of buying activity.
Source: Artemis
The Stablecoin offer from Ethereum rose by $ 29.7 million in the second largest increase in the same period.
This weekend, Spike suggests in Brugged Netflow that positioning investors before the opening of Monday, probably anticipating institutional activities.
The increase in stablecoin deposits also reflects the rising user activity and reinforces the growing bullish sentiment on the Ethereum network.
Source: Artemis
Ambcrypto investigated how earlier Bullish opens on Monday in Ethereum Spot ETFs influenced price action and whether a similar result could occur this time.
ETH is confronted with setback against Bitcoin and S&P
The most important question is whether ETH remains a more attractive investment compared to other asset classes.
In comparison with Bitcoin and the S&P 500, ETH has been considerably left behind, which could make it less attractive for some investors.
Source: Artemis
Year-to-date performance shows that ETH has fallen by 35%, while Bitcoin has risen 58.1%and the S&P 500 has won 10.4%.
With Bitcoin and the S&P that perform better than ETH, investors can move their capital elsewhere, especially with Bitcoin increasingly seen as a store of value.