Ethereum Exchange Reserves Hit an 11-Year Low: Could ETH Face a Supply Squeeze and Higher Prices?
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The Ethereum holders are withdrawing ETH from the exchanges at an unprecedented pace. According to Santiment data, the offer available on exchange platforms fell by 73% since its peak in June 2020, when there were 22.9 million ETH circulating in those environments. Today there are barely 6.06 million tokens left in exchanges, ... Read more
Ethereum Price Drops 2.6% as $350M ETH Leaves Exchanges
Ethereum price fell 2.6% on September 15, trading near $2,446 as investors prepared for the Federal Reserves interest rate decision. Prediction markets indicate an 80% probability of a 25-basis-point rate hike, but strong ETH exchange outflows suggest investors may be reluctant to sell. Crypto analyst Ali Martinez reported that roughly 140,000 ETH, worth about $350 million, was withdrawn from exchanges within 96 hours. Lower exchange balances ca…
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Cryptocurrency News | Cryptocurrency Prices | Market CapEthereum Exchange Reserves Hit an 11-Year Low: Could ETH Face a Supply Squeeze and Higher Prices?
Ethereum is facing a significant decline in its availability on crypto exchanges, with the amount of ETH held on centralized exchanges (CEXs) dropping to an 11-year low. As the supply decreases, experts and investors remain optimistic about a possible ETH price surge. However, lower exchange reserves do not necessarily mean a positive catalyst for the […] Read The Full Article Ethereum Exchange Reserves Hit an 11-Year Low: Could ETH Face a Suppl…
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