ETH Percent Balance on Exchanges - Glassnode Analysis
The chart shows the $ETH ETH balance on exchanges (blue line) is at historical lows, coinciding with a high $ETH ETH price (black line). This suggests a tightening supply, as coins move to staking or private wallets, reducing immediate selling pressure. A shrinking exchange supply is historically a bullish signal for ETH price.
ETHUSDT
Perp
3,135.7
-0.11%
