In the current craze of the digital currency market, Ethereum (ETH) has been attracting the attention of many investors with its unique charm. Recent data shows that up to $840 million of Ethereum flows into major exchanges every day. This figure is shocking and has also triggered market speculation about the future trend of ETH. With the rapid rise in ETH prices, many people began to worry whether there will be an adjustment. Let's analyze in depth to see if ETH is really facing the possibility of adjustment.

Ethereum has always been the leader in the cryptocurrency market, and its market value and trading volume have remained high. The average daily inflow of $840 million undoubtedly shows investors' continued enthusiasm for ETH. This not only reflects the market's confidence in Ethereum technology and future development, but also implies investors' desire to hold ETH for a long time. However, the prosperity of the market is often accompanied by fluctuations, and whether this huge inflow of funds will trigger an adjustment in the price of ETH has become the focus of current investors.

From the perspective of technical analysis, the price trend of ETH shows a certain degree of elasticity and volatility. Although the price has continued to rise recently, there have also been some short-term adjustments. This kind of fluctuation is not uncommon, but the norm in the digital currency market. Investors need to remain vigilant and not be confused by short-term gains. They should look at market fluctuations rationally and do a good job of risk control and asset allocation. As the saying goes in the stock market, short-term operations are extremely risky, and long-term investments can better grasp the pulse of the market.

In addition to technical analysis, fundamental factors are also one of the important factors affecting ETH prices. As an important application platform for blockchain technology, Ethereum has great potential for future development. With the popularity of concepts such as DeFi and NFT, the application scenarios of Ethereum have been further expanded, which undoubtedly provides strong support for the long-term growth of ETH. Therefore, even if the price adjusts in the short term, investors should see the long-term value of ETH and be prepared to hold it.

In this digital currency market full of variables and opportunities, investors need to remain rational and patient. For the possibility of ETH's short-term adjustment, we might as well treat it with a normal heart. The market is risky and investment needs to be cautious. I believe that with the continuous development of blockchain technology and the continuous expansion of application scenarios, Ethereum, as a leader in digital currency, will usher in a more brilliant future. Let us witness the changes in the digital currency market together, seize opportunities and meet challenges. ETH, the future is promising!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to Tradingview data, Bitcoin (BTC) surged nearly 4% from $57,000 to $59,400 last night, but then began to fall back and fell below the $56,000 mark, reaching $55,610. As of press time, it was reported at $56,930, a 1.8% drop in the past 24 hours.

Coin Circle reported earlier that some analysts believed that this was because the liquidation of the worst exchange Mt.Gox will occur between the end of this year and Q1 next year, and the market has panic selling pressure, and the price of the currency may continue to fall to around $53,000.

Mt.Gox's liquidation plan was finalized on November 20, and repayment will begin one month later, that is, from the end of the year to Q1. During this period, it is expected that 150,000 bitcoins will flow into the market, and the holders are people who have been trapped for seven years.

But according to Cointelegraph, cryptocurrency analyst Michaël van de Poppe is positive about Bitcoin. He believes that it is healthy for Bitcoin to continue to consolidate for the rest of 2021, and the next big rally is expected to occur in the first quarter of next year.

Van de Poppe said on Twitter: It will be beautiful for Bitcoin to continue to consolidate/trade sideways in the next few weeks. The next big rally will occur in the first quarter of 2022, along with the massive altcoin season.

But in the short term, Van de Poppe pointed out that Bitcoin is currently facing strong resistance near $60,000. As long as Bitcoin remains below $60,000, there is no reason to be optimistic.

Ethereum may face adjustments in the short term

On the other hand, it is worth noting that Ethereum, the second largest cryptocurrency by market value, may also face adjustments in the short term.

CryptoQuant, an on-chain data analysis company, shared a chart pointing out that on the 21st, as many as 200,000 ether suddenly flowed into centralized exchanges, with a value equivalent to $839 million. This is the largest single-day inflow this month, indicating that ether may soon face further declines.

"NewsBTC" reported that when the net inflow indicator of the Ethereum exchange is negative, it means that investors transfer more ether out than in, and this trend is usually bullish; on the contrary, net inflows indicate that more ether is transferred into the exchange than out, and since investors usually transfer ether into the exchange to buy competing coins or exchange for fiat currency, this trend is usually bearish.

Therefore, "NewsBTC" believes that the large net inflow of ether on the 21st may cause the price of ether to fall in the short term. However, in the long run, since the reserves of ether in the exchange are still showing a sharp downward trend, ether is still bullish in the long run.

According to Tradingview data, after hitting a record high of $4,868 on the 10th, ether began to fall continuously, and has fallen by more than 15% so far. As of press time, it was reported at $4,119, down 1.6% in the past 24 hours.

Continued net inflows from institutions

Although Bitcoin and Ethereum may continue to adjust in the short term, CoinShares released the latest digital asset fund weekly report showing that institutional investors' digital asset fund investments in Bitcoin and Ethereum continue to grow, indicating that their optimism about cryptocurrencies has not wavered.

CoinShares data shows that cryptocurrency investment products, including ETFs, had a total inflow of $154 million last week. As in previous weeks, Bitcoin investment products attracted most of the inflows, reaching $114.4 million, while Ethereum investment products had a net inflow of $12.6 million last week, and multi-asset products had a net inflow of $14.1 million.

So far this year, institutional investors have invested more than $6.6 billion in Bitcoin products, $1.17 billion in Ethereum products, and more than $9.2 billion in cryptocurrencies. Although the outlook for Bitcoin in November does not seem optimistic from a price perspective, the latest fund flow data shows that investors are not worried about a market correction.