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Ethereum’s Exchange Supply Drops To New Lows As ETH’s Price Closes Another Bearish Month

Bitcoinist LogoBitcoinist21h ago

Ethereum’s Exchange Supply Drops To New Lows As ETH’s Price Closes Another Bearish Month - Bitcoinist

Quick Summary:

With the broader crypto market’s renewed bullish condition, Ethereum is beginning to demonstrate robust upward movements as it hovers near the pivotal $1,900 level.

Following the recent bullish performance, investors and traders are choosing to hold onto their coins, as indicated by a sharp drop in ETH’s exchange reserves.

This drop in exchange reserves indicates that investors are increasingly putting ETH into long-term or cold storage, lowering the quantity that is easily accessible for trading.

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Ethereum’s Exchange Supply Drops To New Lows As ETH’s Price Closes Another Bearish Month - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-03 @ 00:00:39 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28326081

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Ethereum’s Exchange Supply Drops To New Lows As ETH’s Price Closes Another Bearish Month" has 485 words across 39 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Ethereum’s Exchange Supply Drops To New Lows As ETH’s Price Closes Another Bearish Month" was covered 21 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 12 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #28326081
  • URL: https://tessjds.beamstart.com/news/ethereums-exchange-supply-drops-to-17462305153380

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