Ethereum (ETH) Tops Decentralized Exchange (DEX) Inflows as Trader Interest Grows

Ethereum has once again demonstrated its dominance in the DEX ecosystem. According to recent data, it recorded $166 million in net DEX inflows

Ethereum is leading the decentralized exchange (DEX) activity with the highest net inflows over the past 24 hours, registering $166 million in inflows according to on-chain data.

This interest in ETH at current levels has pushed traders to prefer the smart contract chain over Arbitrum, which came in second with $93.91 million in net DEX inflows. Other chains, like Bera, Base, and Optimism, also saw positive flows but on a smaller scale compared to Ethereum.

On the other hand, Bera experienced a significant outflows with $170 million in outflows. This might indicate investors shifting capital away from riskier assets or towards stronger networks.

Why Is Ethereum Still Dominating DEX Flows?

Ethereum's consistent leadership in DEX flows could be supported by its deep liquidity, broad developer adoption, and high usage in decentralized applications. These factors continue to attract capital, especially during times of market uncertainty.

The ongoing technical analysis suggests that Ethereum is indicating a potential recovery phase as it sits within an oversold zone, according to the Stochastic Relative Strength Index (Stoch RSI).

Change analyst cas_abbe’s assessment says the indicator now stands at the same point in the market as it has only three other times within recent market history. Averages suggest that the market exhibited rallies starting between 90% and reaching 155% following these previous oversold events, which occurred over periods ranging from three to four months. According to analyst Cas_abbe, this would put Ethereum over $3,400 during July or August 2025.

A momentum indicator is what the Stoch RSI represents in technical analysis. A Stochastic Relative Strength Index (Stoch RSI) crossover serves as a broad indicator for upcoming market reversals. Without offering decisive price movement, the indicator is a widely used instrument by traders to anticipate direction shifts. This most recent crossover indicates potential bullish momentum increase as market buyers enter, while volume serves to validate strong support for upward trends.

Technical Analysis Suggests Breakout Toward $2,500

Technical indicators from Ethereum's 8-hour chart suggest an approaching breakout of price levels. According to market analyst WorldOfCharts1, Ethereum has exited an ongoing downward channel that formed since January 2025. ETH has also built a consolidation pattern after its successful breakout from the $1,900 level.

These patterns, according to technical analysis, form when markets experience strong movements followed by periods of stabilization, which serve to initiate the continuation of the current trend. Suggesting an ETH breakout beyond the $1,950-$2,000 resistance area, the analytical chart suggests target prices at $2,180 and $2,500.

Cooling Spot Volume Could Reduce Selling Pressure

An additional layer of analysis comes from a spot volume bubble map provided by CryptoQuant. The map, analyzed by Darkfost_Coc, shows a cooling trend in Ethereum's spot volume. The chart uses the size of each bubble to represent trading volume and color to show volume momentum.

Current data reveals smaller bubbles with green coloring that indicates both decreasing transaction volume along with slower market trading speeds. During this corrective period the market cooling effects potentially reduce market volatility and prevent forced asset liquidations.

According to Darkfost_Coc spot volume stabilization through cooling volumes shows potential to stabilize the market yet does not serve as evidence for a pricing bottom.

Past market declines indicated falling volume which leads to price stabilization periods. ETH might develop recovery fundamentals under these present conditions.