Ethereum Exchange Balances Collapse To Levels Not Seen Since 2016 – Here’s Wh...
Ethereum’s price has managed to hold above the $2,000 even as heightened volatility persists in the market. During the recent pullback, investors’ sentiment appears to be slowly leaning toward a bullish outlook, which is primarily indicated by the notable ETH withdrawals from crypto exchanges, matching key past levels. Exchanges Are Seeing Massive Ethereum Withdrawals Following […]
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Despite the Ethereum burn introduced with the London hard fork, miners are still making a good amount of revenue from mining. For ETH, the balance held by miners had been dropping since 2016. This was mostly a combination of poor market conditions and miners selling their holdings to fund their mining activities. With low prices, the total dollar value of miners’ ETH holdings had dropped. This number picked back up in 2021. Following the bull run which began in 2020, the price of Ethereum has gradually recovered. And by extension, the dollar value of the miner’s ETH holdings had begun to....
On-chain data shows the Ethereum Exchange Reserve has remained at low levels recently. Here’s what it could mean for the ETH price. Ethereum Exchange Reserve Has Been Moving Flat Recently As explained by an analyst in a CryptoQuant Quicktake post, the Ethereum Exchange Reserve has recently been at its lowest level since 2016. The “Exchange […]
Ethereum had seen its balances on exchanges decline through 2021. This happened despite continuous market rallies that sent the digital asset towards all-time highs. Investors had accumulated all through bull rallies instead of trying to dump their coins, leading to reduced supply on centralized exchanges. This was also propelled forward by the growing popularity of DeFi. However, this trend is starting to reverse as exchange balances are now on the rise. Ethereum Exchange Balances Touch 3-Month High New on-chain reports have shown that Ethereum exchange balances are on the rise once more.....
Ethereum’s recent price action is now being met with robust investor action, especially those on centralized exchanges. As ETH slowly recovers from its pullback, a significant portion of the leading altcoin held on crypto exchanges is leaving these platforms, reducing the risk of a sell-off. A Steady Drop in Ethereum Exchange Balances In the midst […]
Ethereum balances have continued their decline that began earlier this year. The decline of coins being kept on centralized exchanges has pointed to bullish sentiment among the large holder base of the digital asset. Despite the increase in the price of the asset in the past weeks and hitting new all-time highs since then, ETH […]