Ethereum Sees Massive Withdrawals: 600K ETH Taken Off Exchanges
Ethereum maintains its position around the $2,000 mark. Recent data shows that the daily trading volume for ETH has surged over 120 percent. This remarkable increase reflects the growing interest in holding Ethereum outside exchanges, potentially indicating bullish sentiment among traders. Why are investors pulling their Ethereum from exchanges now? The trend suggests a move toward long-term holding strategies as market dynamics shift. With such a significant amount withdrawn, traders are left to wonder how this will impact ETH’s price in the coming days. Will these moves result in price stability or volatility?