TechFlow, August 22 — According to BiyaPay analysts, on-chain data shows that Ethereum (ETH) recorded a net inflow of approximately 46,000 tokens into centralized exchanges (CEX) in the past 24 hours. Among them, Binance saw an inflow of 67,900 tokens, Kraken 7,142 tokens, and Coinbase Pro 3,131 tokens, while Bitfinex experienced the largest outflow at 17,100 tokens.
From a technical perspective, ETH briefly rebounded yesterday but faced resistance around the USD 4,340 level. Subsequently, gains were gradually erased, dropping as low as USD 4,200 at night before stabilizing, reflecting an overall bearish market sentiment. In the short term, upward momentum appears weak, with risks of further correction. Investors are advised to closely monitor changes at the support level of USD 4,070 and proceed with caution.
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