Ethereum has declined more than 5% in the past 24 hours to touch intraday lows of $2,358
Според Santiment data, Ethereum has seen a significant inflow into exchanges in recent weeks. According to data shared by crypto analyst Ali Martinez, 330,000 ETH valued at nearly $825 million have been moved into crypto exchange wallets in the last two weeks.
# Етереум | Околу 330,000 $ ETH се депонирани во познати #crypto размена на паричници во текот на изминатите две недели, во вредност од приближно 825 милиони долари. pic.twitter.com/EWNxInBDV4
- Али Мартинез (@ali_charts) Може 8, 2022
An increase of inflows to exchanges might suggest increased selling pressure resulting from decreased demand. As the asset is being put up for sale, this leads to its availability on exchanges and a consequent drop in price.
Amid the recent price volatility, Ethereum has declined more than 5% in the past 24 hours to touch intraday lows of $2,358. Ethereum trades at $2,394 at the time of publication.
In positive news, the popular photo-sharing app Instagram might soon allow the display of NFTs issued on Ethereum, Polygon, Solana and Flow free of charge.
Огласи
Ethereum on-chain data
Според Стаклен код alerts, Ethereum MVRV (1d MA) has touched a three-month low of 1.350. This level was last seen on Feb. 24 when Ethereum dipped to lows of $2,300. Ethereum subsequently rebounded to trade at highs of $3,045 on March 2.
? # Етереум $ ETH Total Value in the ETH 2.0 Deposit Contract just went above $30,000,000,000.
Current value: $30,063,898,546
Погледнете ја метриката:https://t.co/1ezmu1GKcj pic.twitter.com/Jid1VSfAhO
- стакло аларми за стакло (@glassnodealerts) Може 9, 2022
Metrics like MVRV usually help point out when trader pain reveals buy windows. Negative MVRV levels might present opportunities for a price upswing to bring traders some relief. Also, Ethereum ETH Total Value in the ETH 2.0 Deposit Contract has ticked above $30 billion once more. Presently, the total value locked in the ETH 2.0 deposit contract stands at around $30,063,898,546, as indicated by Glassnode.
Amid market volatility, the Ethereum Number of Non-Zero Addresses has recently set an ATH of 80,281,674. Meanwhile, Ethereum’s (ETH) Total Gas Usage continues to drop, touching four-month lows of 4,032,691,707.643.
Source: https://u.today/330000-eth-moves-to-exchange-wallets-as-ethereum-price-dips-near-2400