Altro

Ethereum On Exchanges Crashes To Historic Low Amid Market Volatility, A Bullish Signal For Price?

Ethereum has rebounded above $3,000 amid growing bullish sentiment, while the supply of ETH on centralized exchanges has dropped to a historic low of just 8.7%—the lowest level since its launch in 2015. This decline suggests a shift toward long-term holding, staking, and self-custody, potentially reducing selling pressure and setting the stage for a strong price rally when demand increases. However, mid-size whale wallets (holding 1,000–10,000 ETH) continue to sell, adding bearish pressure near recent highs, while larger whales remain neutral. ETH is currently trading at $3,135, up over 3% in 24 hours, with trading volume surging 142%.

bitcoinist12/08 21:34