Ethereum crashes into 6-week deep stalls, although ETH is declining on the stock exchanges

Ethereum crashes into 6-week deep stalls, although ETH is declining on the stock exchanges

The number of ETH on crypto exchanges continues and has now fallen up to the lowest level since public trade began almost a decade ago.

However, this did not prevent the price of the second largest cryptocurrency further on a new 6-week low.

• Kryptoctocolor reported at the end of March that the etherus offered on the stock exchanges had decreased to only 10.31 %.
• It seems that investors have continued to withdraw their ETH shares from trading platforms, since Santiment announced that the percentage has continued to drop to 10.1 %.
• The analytical series indicated that this has been the lowest value since the beginning of public trade of assets after its introduction in 2015.

👛 like $ ETH is on the lowest stand (10.1 %) since the beginning of public trade in 2015. This is essentially the #all-time high for non-listed participations. https://t.co/wvmeajhhmm 11. May 2023

• First of all, this data should sound optimistic for the asset. This is because the sales pressure should be lower, as fewer coins are on trading platforms.
• However, this has not been the case in the past few days. ETH reached the $ 2,000 mark less than a week ago, but the subsequent rejection pushed the course down strongly.
• After the CPI announcement on Wednesday, he rose again to $ 1,900. Since then, however, ETH has collapsed by over $ 200 and today reached a 6-week low of $ 1,740 (on Bitstamp).

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