Ethereum

Daily

<ul class="news-points">
 <li>Yesterday, ETH worth more than $181 million was transferred off of exchanges.</li>
 <li>The supply of ETH available on exchanges is now at its lowest point in approximately 5.5 years.</li>
 <li>However, technicals suggest that ETH’s price could be at risk of retesting the next support level at $1,580.</li>
</ul>
Yesterday, approximately 110,000 <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> tokens, equivalent to $181 million, were withdrawn from cryptocurrency exchanges, according to an X post shared by the market intelligence platform Santiment earlier today. This marked the highest daily outflow of ETH from exchanges since 21 August of this year.
Santiment also revealed that the amount of ETH being held in wallets outside of exchange platforms has reached an all-time high (ATH) of 115.88 million ETH. Additionally, the supply of ETH available on exchanges is now at its lowest point in approximately 5.5 years.
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f62e.png" alt="😮" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> saw about ~110K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> ($181M) move off of exchanges Wednesday, the largest outflow day since August 21st. The amount of non-exchange Ethereum now sits at an <a href="https://twitter.com/hashtag/AllTimeHigh?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#AllTimeHigh</a> 115.88M <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>, while its exchange supply is at its lowest in ~5.5 years. <a href="https://t.co/PUOWGt0KS0" target="_blank" rel="noopener noreferrer nofollow">https://t.co/PUOWGt0KS0</a> <a href="https://t.co/u54pp6LZij" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/u54pp6LZij</a>— Santim…
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The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ethereum-sees-highest-daily-exchange-outflow-since-august/">Ethereum Sees Highest Daily Exchange Outflow Since August</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Ethereum Sees Highest Daily Exchange Outflow Since August

Coin Edition

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