Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum holiday exchange volume reached $906 million last week
ETHEREUM NEWS

Ethereum holiday exchange volume reached $906 million last week

By Crypto FlexsMarch 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum holiday exchange volume reached 6 million last week
Share
Facebook Twitter LinkedIn Pinterest Email

Exchange data remains public. optimistic feelings From an Ethereum trader. According to IntoTheBlock, $906 million worth of Ethereum was withdrawn from cryptocurrency exchanges last week, indicating a holding mentality among investors. Large outflows of ETH from exchanges may indicate that traders are anticipating higher prices and are moving their holdings to personal wallets for long-term storage.

A holding attitude emerged. wider spikes Cryptocurrency prices across the market and a lot of demand for Ethereum are above $4,000.

Ethereum Witnesses Massive Exodus from Exchanges

data exchange It helps provide an overview of the supply and demand dynamics of crypto assets in general. A decreasing supply of an asset on an exchange indicates that holders have a long-term perspective.

In this context, data exchange IntoTheBlock’s report on Ethereum revealed dynamics leaning towards the demand side, with investors increasing their accumulation of the industry’s second-largest cryptocurrency since the start of the year.

What’s more important is the leak. Ethereum A total of $906 million was leaked from the exchange last week, marking the eighth straight week of outflows.

$906 million $ETH This week marked the second largest net outflow of cryptocurrency assets leaving exchanges for the eighth straight week. pic.twitter.com/v7VuqFUSCf

— IntoTheBlock (@intotheblock) March 1, 2024

This outflow pattern is Comparable Exchange Metrics From CryptoQuant. Since January 10, Ethereum’s total exchange reserves have decreased by more than 1 million ETH, currently reaching 13.7 million ETH.

Total crypto market cap is currently at $2.272 trillion. Chart: TradingView.com

What’s next for Ethereum?

The massive outflow from the exchange can be attributed to the Ethereum bulls that are trying to push the cryptocurrency to new highs. Ethereum is continuous upward trend over the past few months surpass Most altcoins.

As of this writing, the cryptocurrency is trading at $3,392, up 46% in the last 30 days. Rather, the increasing outflows on exchanges are a sign of a continued upward trend, and ETH is now on its way to reaching the $3,500 level again. A brief crossover On February 29th.

This optimistic behavior has led investors to expect Ethereum broke the $4,000 mark again, heading towards an all-time high of $4,878. ETH price is poised to rise as supply on exchanges decreases. A breach of the $4,000 level appears imminent, and from there it could quickly rise to $4,900.

Cryptocurrency analyst known as Trader Alan pointed out The recent price action has seen Ethereum complete a bullish breakout and retest it on the monthly chart. According to the price chart shared by the analyst, a strong bullish movement could allow ETH to reach $7,000 by the end of 2024 and exceed $10,000 and $15,000 in the next few years.

Featured image from Pexels, chart from TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Defi, not MICA II at the front line

June 6, 2025

Improve video content with VEO 3: Comprehensive guide to effective prompt

June 6, 2025

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Start BTC, DOGE and ETH mining today!

June 6, 2025

AI increases artistry as an innovative creation at NVIDIA GTC Paris.

June 6, 2025

JPMORGAN accepts Bitcoin ETF with loan collateral: How investors can benefit

June 6, 2025

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Defi, not MICA II at the front line

June 6, 2025

Improve video content with VEO 3: Comprehensive guide to effective prompt

June 6, 2025

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025
Most Popular

Yale, Moderna, and NVIDIA Harness Quantum Computing for Drug Discovery

October 11, 2024

Sonic Defi Drain Accelerates-Is Smart Money left?

May 25, 2025

Synthetic dollar protocol Ethena strengthens connectivity by integrating Bitget Wallet

March 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.