Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K

by Aurelia Butler 23 September 2021, 19:00 169 Views

Data collected by CryptoQuant, a blockchain analytics platform, showed that exchanges’ net Ethereum token reserves dropped to 18.533 million ETH, compared to 23.92 million ETH a year ago. Meanwhile, the cost to purchase one Ether rose from almost $349 to as high as $3,078, showcasing an inverse correlation between ETH reserves on exchanges and prices.

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Source: Cryptocurrency - investing.com

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Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K

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