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Ethereum Net Flows Turn Negative As Bulls Push For $3,500 Ethereum net flows have been mostly negative for the last week, and a continuation of this suggests bullish momentum is building up for the price. These figures show how much buying and selling could’ve been going on and how investors are viewing the digital asset right now. Ethereum Net Flows Bounce Around Net flows refer to the difference in the number of coins entering or leaving crypto exchanges over a given period of time. If net flows are positive, then it means more ETH are flowing into crypto exchanges, which could point to sell-offs are investors take advantage of the price increase. However, if net flows are negative, then it suggests that more coins are leaving exchanges than those going in. Thus, it could point to buying pressure being higher than sell-offs. Currently, Coinglass data shows that Ethereum net flows have been skewing toward negative for a while now. 24-hour net flow volumes show a -$182.86 million figure as more coins moved out of crypto exchanges during this time. This has also persisted with six out of the last seven days showing that net flows are negative. This means that there have been more ETH leaving crypto exchanges than those going into exchanges for selling. Thus, showing that buying remains the order of the day. In this 7-day period, net flows for Ethereum are sitting at -$140 million. However, going further back, on the 15-day timeframe, investors are still skewing more toward selling. This time period shows a positive $186.48 million in net flows as well, which would explain why the Ethereum price seems suppressed despite Bitcoin making new all-time highs.. The 30-day period is no different, showing even larger deposit trends. In total, Ethereum investors have moved more ETH into crypto exchanges, causing net flows to fall to rise to $483.54 million during this time. What Could Happen To Price If Net Flows Remain Negative If the Ethereum net flows continue to remain negative and even grow from here, then it would signal a rise in buying pressure. Once the buyers are able to outbid sellers, then the Ethereum price could begin to rally again. As for how high the Ethereum price could go, crypto analyst Captain Faibik has explained that bulls are still struggling to reclaim the 200-Day Simple Moving Average at $27,000. Now, if they are able to capture this level and break out of it, the analyst sees the price rising above $3,500 in the near term. $ETH

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Trump's use of the presidential seal at the TRUMP dinner may violate federal law U.S. President Trump flew from the White House to his golf club in Virginia on Thursday night by military helicopter to attend his private TRUMP dinner, but used the official presidential seal on the event invitation and venue decoration, including using a podium decorated with the presidential seal to speak to his TRUMP token investors, which may have violated U.S. federal law. Under federal law, the national emblem cannot be used in a way that may "convey the false impression of government sponsorship or endorsement," and violators may face fines or up to six months in prison. Earlier, when asked whether the government would release the guest list, White House Press Secretary Carolyn Levitt said, "The president is attending in his personal capacity. This is not a White House dinner and it is not held at the White House." (Forbes)

On May 23 (ET), spot Bitcoin ETFs recorded a net inflow of $212 million, continuing an eight-day streak of consecutive inflows. Spot Ethereum ETFs also posted $58.63 million in net inflows, marking six straight days of investor interest.

On May 23, spot Bitcoin ETFs saw a total net inflow of $212 million, marking eight consecutive days of net inflows. Spot Ethereum ETFs recorded a total net inflow of $58.63 million, with six consecutive days of net inflows.