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Sunday, April 21, 2024 11:26:24 AM
ETHEREUM EXCHANGE BALANCES ⚖️
Today we’ll be taking a look at the amount of Ethereum available for sale on exchanges.
This metric is super simple but extremely useful.
As always, here’s how to interpret the chart:
Decreasing exchange balances: Bullish indicator as it signals a shift towards long-term holding 🐂
Increasing exchange balances: Bearish indicator as coins being transferred to exchanges are more likely to be sold 🐻
Currently there is only 12,840,422 ETH available for sale on exchanges.
That’s ~10.73% of the entire circulating supply. And it effectively puts this metric at an all time low.
In fact, as a percentage there’s even less Ethereum on exchanges than Bitcoin.
That’s insane, considering Bitcoin’s exchange balances are already exceptionally low.
It just goes to show how good Ethereum’s supply dynamics are right now.🐂
Things are looking real good for Ethereum.
Even better if (when) the ETFs are eventually approved.
Recent ETHUSD News
- Buckle Up: Here Is Why Bitcoin Might Just Be Gearing Up For a 200% Surge • NEWSBTC • 07/03/2024 02:00:08 AM
- Ethereum will outperform Bitcoin after ETF launch: K33 Research • Cointelegraph • 07/03/2024 01:51:29 AM
- Whales Abruptly Accumulate Over $346,000,000 Worth of Top-10 Altcoin in Just One Week, Says Analyst • The Daily Hodl • 07/03/2024 12:00:12 AM
- Aave protocol’s GHO stablecoin now live on Arbitrum • Cointelegraph • 07/02/2024 10:05:51 PM
- Bullish Reversal For Bitcoin? Retail Investors Flood Back As New Addresses Reach 4-Month Peak • NEWSBTC • 07/02/2024 09:30:22 PM
- Ethereum Foundation email hacked to promote Lido staking phishing scam • Cointelegraph • 07/02/2024 09:02:41 PM
- Ethereum DApp volume surges by 83%, but there could be a catch • Cointelegraph • 07/02/2024 08:26:04 PM
- How ETFs are reshaping the crypto markets • Cointelegraph • 07/02/2024 04:30:00 PM
- 36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market • NEWSBTC • 07/02/2024 03:30:26 PM
- Dormant Ethereum Whale From ICO Era Wakes Up To Deposit Millions To Kraken — Sell-Off Incoming? • ZyCrypto • 07/02/2024 02:17:19 PM
- Tracked Crypto Whales Wallets Show Whales Accumulating Rollblock (RBLK) • ZyCrypto • 07/02/2024 01:33:17 PM
- DTX Exchange (DTX) Beats zkSync (ZK) to 10,000 Holders; Solana Predictions Turn Positive as SOL ETF Creates Hype • ZyCrypto • 07/02/2024 01:22:15 PM
- Low Bitcoin and Ethereum fees may not necessarily be good news • Cointelegraph • 07/02/2024 01:15:00 PM
- Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024’s Worst Performer • NEWSBTC • 07/02/2024 09:45:36 AM
- Whale Withdraws More Than $206,000,000 in Ethereum (ETH) From Bitfinex: On-Chain Data • The Daily Hodl • 07/02/2024 09:15:48 AM
- Dogwifhat (WIF) Jumps 21% As Analysts See $4.5 Price Tag • NEWSBTC • 07/02/2024 05:25:49 AM
- Dogecoin’s Potential: Can DOGE Price Kick Off a New Climb? • NEWSBTC • 07/02/2024 04:58:48 AM
- XRP Price Maintains Support Level: What It Means For The Bulls • NEWSBTC • 07/02/2024 04:18:02 AM
- Ethereum Price Undergoes Technical Correction: Can ETH Resume Higher? • NEWSBTC • 07/02/2024 03:28:15 AM
- Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s Why • NEWSBTC • 07/01/2024 11:30:15 PM
- Ethereum (ETH) Products See Largest Institutional Outflows Since August 2022: CoinShares • The Daily Hodl • 07/01/2024 10:01:11 PM
- Bitcoin Analyst Says Coin Overvalued: Why Is This BTC Chart Super Bullish? • NEWSBTC • 07/01/2024 10:00:00 PM
- Analysts Says Cardano Has Bottomed And Will Rally To $0.8, But It Must Hold This Level • NEWSBTC • 07/01/2024 08:00:40 PM
- Price analysis 7/1: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA • Cointelegraph • 07/01/2024 07:15:00 PM
- Mt. Gox’s Bitcoin Dump: How Will The $9 Billion Sell-Off Affect BTC’s Price? • NEWSBTC • 07/01/2024 07:00:03 PM
FEATURED BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • Jul 2, 2024 7:19 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM