Ethereum

<p>The post <a href="https://coinpedia.org/uncategorized/ethereum-hits-30-day-low-in-exchange-reserves/" rel="noopener noreferrer nofollow">Ethereum Hits 30-Day Low in Exchange Reserves</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>On May 5th, Ethereum’s exchange reserves plummeted to a 30-day low, marking a significant moment in its market dynamics. The data from <a href="https://cryptoquant.com/asset/eth/chart/exchange-flows/exchange-reserve?exchange=all_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=line" rel="noopener noreferrer nofollow">CryptoQuant</a> shows a sharp decrease in reserves to 13.595 million ETH, while Ethereum peaked at $3,136. The trend of reducing exchange reserves supports the viewpoint of decreasing selling pressure and an increase in holding behavior among investors. Hence, with a prolonged declining trend in exchange reserves, the Ether price could skyrocket in the coming days.</p>

Ethereum Hits 30-Day Low in Exchange Reserves

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