Ethereum exits on crypto-asset trading platforms hit the lowest level in the last four years.
According to leading crypto data analytics platform Glassnode, Ethereum outflows on crypto-asset trading platforms are at their lowest in the last four years. Many crypto traders use exit data from platforms as an indicator.
What Does This Mean?
Output volume data from crypto-asset trading platforms can be interpreted in different ways by investors. In this case, however, some traders refer to it as a bearish signal, as the benchmark has dropped sharply. On the other hand, low exit volume can also occur because the Ethereum reserves of the platforms are too low or the number of investors holding their funds on such platforms reaches very low values.
Ethereum continues to hold the key $4,000 support level. Ethereum, which has risen close to 2% in the last 24 hours, is trading at $ 4.113 as of publication time.