The world’s second-largest cryptocurrency Ethereum (ETH) has been largely consolidating around $2,300 levels for a while with on-chain indicators suggesting a potential strong upside going ahead. As the Ethereum Dencun upgrade nears its debut, analysts are expecting 50-60% gains going ahead.
Substantial Ethereum Outflow from Exchange Wallets
In recent findings shared by crypto analyst Ali Martinez, it has been revealed that over the past three weeks, a noteworthy amount of nearly 510,000 Ethereum (ETH) has been withdrawn from identifiable cryptocurrency exchange wallets. The total value of this substantial outflow is estimated to be around $1.22 billion.
Courtesy: Ali Martinez
This development suggests a robust sentiment among ETH holders, indicating a potential reduction in selling pressure within the market. The significant movement of ETH away from exchange wallets may signify a shift in the dynamics of Ethereum ownership and the overall market sentiment.
In an interesting develop
We współpracy z: https://coingape.com/ethereum-worth-1-billion-moved-to-cold-storage-eth-price-rally-ahead/
