The steady appreciation in the Ethereum price continues to mirror how resilient the cryptocurrency has become in the market. Despite the waves of skepticism experienced in the past, there seems to have been a recent major shift in investor behavior, which shows a level of optimism in the potential growth of the Ether token.
Ethereum Netflow Across Exchanges Consistently Negative
In a September 13 post on social media platform X, on-chain analyst Darkfost revealed how Ethereum’s investors have been acting behind the scenes over the past few months.
According to Darkfost, there has been a major shift in investor behavior since Ethereum’s last price drop from $4,000 to $1,500. At the time, the prevailing investor mood was fear, uncertainty, and doubt (FUD) — emotions which did not play so much of a role in affecting the long-term activity of investors.
Darkfost reported that the netflow across all exchanges has been “consistently negative” since the major Ethereum
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