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ETH Stocks On Exchanges Still Falling After 26% Decline In 2021 By CoinTelegraph

Ethereum shortage: ETH reserves on exchanges continue to fall after a 26% decline in 2021

The amount of Ether (ETH) on all cryptocurrency exchanges has dropped dramatically in the last 12 months.

Blockchain analytics firm CryptoQuant reported that trading platform reserves fell from 26.29 million ETH to 19.22 million ETH year-over-year (YoY), showing that traders’ preference to hold their tokens increased. .

  • Analysts Say This Key Metric Suggests A New Altcoin Season Is Near

At least the price action of Ether in the same period indicates the same. Between August 25, 2020 and the time of publication of this analysis, the pair soared just over 730%, going from $ 407 to $ 3,190, indicating an erratic inverse correlation between Ethereum token prices and your reservations on all exchanges.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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