Gate exchange has seen a net inflow of 10,800 ETH in the past 24 hours, worth almost 33 million dollars!
Looking at the current ETH price, it's around 3080 dollars, having dropped over 4% in 24 hours, and the RSI indicator is close to 30, technically considered oversold. With such a large inflow of funds, it feels like big players are quietly bottom-fishing!
However, to say this is an absolute rebound signal, I think we need to be cautious. After all, the overall market sentiment is relatively weak, and the fund flows of a single exchange cannot fully represent the entire market. But it is indeed worth paying attention to; what if it really is smart money positioning?
My advice is: you can test with a small position, but don't go all in! Set your stop-loss and manage your risk well. After all, the cryptocurrency market changes too quickly, and no one can guarantee 100% accuracy.
$ETH