Ethereum's Exchange Supply at Historic Low
The Ethereum exchange supply has reached its lowest level since 2016, according to CryptoQuant. This trend is indicative of a shift in market sentiment, where traders are becoming more cautious.
Reduced Selling Pressure Ahead? š
This decrease in circulating Ether tokens suggests that there might be less selling pressure on the market in the short term. As a result, we can expect increased demand and potentially higher prices.
Ethereum's Market Sentiment Shifts š
The recent drop in exchange supply is also a sign of growing confidence among investors. With reduced selling pressure, Ethereum may see an increase in its price stability and overall market performance.
