Electrocardiogram (ECG) monitoring has recently been an important indicator of cardiac health diagnosis. In the past, ECG could be measured under limited conditions in hospitals with 12‐lead electrode systems. Recently, portable and wearable devices have offered continuous, real‐time monitoring of ECG signals in real life. However, developing wearable ECG sensors that provide low‐motion artifacts and high‐quality signals during exercise conditions is still challenging. Herein, this review reports a systematic summary of the key characteristics, properties, and requirements of flexible wearable ECG devices for the early diagnosis of heart dysfunction in dynamic motions, including exercise. In addition, the recent progress in controlling sensor adhesion and novel materials for designing dry electrodes are discussed to improve ECG signal quality in exercise. Finally, various aspects of electrode developmental challenges and limitations are reviewed, and research directions for future studies are discussed.