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Ethereum supply plunges 37% on crypto exchanges post the Merge upgrade

According to on-chain data shared by crypto analytics firm Santiment, the amount of available ETH sitting on exchanges continues to fall. Since the Merge, there is 37% less ETH on exchanges. A constant decline in supply on exchanges is considered a bullish sign, as there is less ETH available to trade or sell.

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Source: Cryptocurrency - investing.com

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