Number of Ethereum on exchanges drop to new low
Data from analytics company CryptoQuant shows that the number of Ethereum held on centralized exchanges has dropped to a new low. Since September 2020, the number of Ethereum held on exchanges has gradually declined despite a price rally of more than 400% within the said time frame. The narrative is that investors are actively buying the digital asset and moving it to cold storage or other platforms.
Read more about the new report by CryptoQuant which shows that number of Ethereum held by cryptocurrency exchanges has reached a low of 21 million on Investing.
For more see : Ethereum.