ETH Balance on Exchanges Increasing: Buy or Sell Zone?
CryptoNewsTerminal Staff02 Sep, 2024
ETH Balance on Exchanges Increasing: Buy or Sell Zone?
## ETH Balance on Exchanges Increasing: Buy or Sell Zone? As the ETH price has been plummeting for the last few weeks, investors have been wondering whether the current situation is a buy zone or a sell zone. One important factor to consider is the ETH balance on exchanges. This metric can provide insights into the selling pressure in the market. CryptoQuant contributor Shayan recently analyzed the ETH balance on exchanges and found that it has been increasing since June-August. This can be interpreted as a sign of increasing selling pressure, as investors are moving their ETH to exchanges to sell. However, it's important to note that this is just one factor to consider when making investment decisions. You should also keep an eye on the trend in the futures market, as well as other on-chain and technical indicators.
