Cryptocurrency traders expect Ethereum (ETH) prices to decline or slow down down in the days head. This comes after onchain monitor, LookOnChain, revealed this more ETH holders are moving Centralized cryptocurrency exchange coins like Binance and Kraken.
Ethereum prices are standardized
At present, the price of ethereum remain in merge with reaction points Between $1,800 and 2015 dollars on the price an act of the last Two weeks.
According to CoinMarketCap, ETH is down 1.8% in the last 24 hours and trading Priced at $1,908 at the time of writing.
Because of past A few days of poor performance, the weekly leader of the altcoins performance remains Almost constant vs bitcoin (BTC).
Ethereum volatility also drop, with Bollinger Bands, a technical indicator used for Measure fluctuations that seem to converge according to developments in daily chart.
Ethereum transfers and rising Cartoons, PEPE mania
Last week, Vitalik Buterin, co-founder of Ethereum, around $500,000 worth of raised. Moments later, the Ethereum Foundation, a team building smart contracting network and also Moved money worth $30 million.
Usually, a coin transfers to the associated central exchanges with filtering. He. She remains Let’s see if ETH prices do drop in weeks or months due to holder He sells-off.
the rising transfers of ETH for exchanges coincide with rising Gas fees. this event can be attributed to current Mad meme coin. the fear of Missing out (FOMO), pepe coin (PEPE), is a currency main driver of High gas fees.
Still, with higher gas charges, more Coins are burned as they are placed out After the EIP-1559 upgrade. In the end, this will, in In the long run, make Ethereum deflationary.
This Article String data reveals increasing number of Ethereum holders transferring coins to centralized exchanges was first Published on World Weekly News
