Ethereum Supply on Exchanges Hits All-Time Low, Bullish Sign for ETH Price
The supply of Ethereum (ETH) tokens on exchange platforms has reached an all-time low, indicating a bullish signal for the digital asset’s price. According to data from Santiment, ETH tokens on exchanges now account for only 8.04% of the total supply, the lowest level recorded since the launch of Ethereum. This reduction in supply suggests a decline in selling pressure on ETH, which could potentially lead to a price increase in the near future.
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