Ethereum is flashing a $478 million buy signal but top traders still expect it to fail

According to CryptoSlate, Ethereum has experienced a significant increase in exchange outflows, totaling $478 million, signaling a potential accumulation amid its strengthening position against Bitcoin. However, many leading traders remain skeptical, as large profit-holding wallets are still net short. Analysts contend that sustained ETF inflows and further growth in active addresses and DeFi metrics are crucial for confirming any bullish trend. Read the full story at CryptoSlate . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human crypto writing — new writers keep 100% of tips and collects for their first 90 days.