Ethereum Exchange Balances Dip to Three-Month Low

IconCryptoNewsTerminal Staff24 May, 2024

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Ethereum Exchange Balances Dip to Three-Month Low

Nansen, a blockchain analytics firm, has reported that the total amount of Ethereum (ETH) held on centralized exchanges has dropped to a three-month low of 20,288,992 ETH. This suggests that investors are anticipating price appreciation and are moving their ETH into non-custodial wallets for long-term holding.