Ethereum Retail Hands Still In Disbelief, Keep Selling Into Strength
On-chain data shows the small Ethereum hands have sold into the latest price surge, a sign that retail traders don’t believe that the rally will last.
According to data from on-chain analytics firm Santiment, the retail-sized Ethereum investors have been reducing their supply recently. The indicator of relevance here is the “Supply Distribution,” which tells us about the amount of the cryptocurrency that’s being held by a particular wallet cohort
ETH
2,376.22
+0.91%