Ethereum’s Exchange Balance Reaches A Stunning 5-Year Low, Following Bitcoin’s Decline
In a parallel trend to Bitcoin, Ethereum’s exchange balance has been steadily decreasing, reaching a five-year low. Data from Glassnode, an on-chain analytics firm, reveals that the amount of Ethereum held on exchanges has dwindled to 17.86 million, the lowest value since April 2018. This decline in Ethereum exchange balance can be attributed to multiple…
