$ETH Exchange Netflow Update 🚨

Recently, #ETH netflow to derivative exchanges has reached 42,000 twice.

🔴 Large Inflows: A big amount of #Ethereum has been sent to derivative exchanges, shown by red arrows.

⚠️ What This Means: This usually suggests traders might be opening short positions, especially with Ethereum getting close to the $3.5K resistance level.

Keep an eye on the market.

Ethereum