Ethereum Worth $1 bn Moved To Cold Storage
Ethereum (ETH), the world’s second-largest cryptocurrency, has been consolidating around $2,300 levels, with on-chain indicators indicating a strong upside.
Analysts are expecting 50-60% gains as Ethereum Dencun upgrades near.
Over the past three weeks, nearly 510,000 ETH has been withdrawn from cryptocurrency exchange wallets, valued at around $1.22 billion.
This indicates a strong sentiment among ETH holders and a potential reduction in selling pressure within the market.
The significant movement of ETH away from exchange wallets may signify a shift in Ethereum ownership dynamics and market sentiment.
(With inputs from Shikha Singh)
You need to login in order to Like
