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ETH Investors Stop Withdrawing From Exchanges: Selloff to Come? 3m ago by coinedition.com

Glassnode alerts revealed in a tweet today that ETH’s number of exchange withdrawals (7d MA) has reached a 1-month low.

This fresh low was recorded just 24 hours after the metric’s previous 1-month low.

Meanwhile, technical indicators suggested that ETH’s price may drop in the coming week.

Glassnode alerts, the on-chain tracking platform, revealed in a tweet earlier today that the amount of Ethereum (ETH) that has been withdrawn from exchanges has dropped to a 1-month low. According to the post, ETH’s number of exchange withdrawals (7d MA) reached 3,109.756.

#Ethereum $ETH Number of Exchange Withdrawals (7d MA) just reached a 1-month low of 3,109.756

Previous 1-month low of 3,110.208 was observed on 08 September 2023

View metric:https://t.co/hqrR4jylVe pic.twitter.com/cCRjB5PKbB

— glassnode alerts (@glassnodealerts) September 9, 2023

This recent low follows just a day after the metric reached its previous 1-month low yesterday. Glassnode alerts added in their tweet that ETH’s number of exchange withdrawals (7d MA) reached 3,110.208 24-hours ago.

Meanwhile, the leading altcoin’s price slipped 0.74% throughout the past day of trading according…

The post ETH Investors Stop Withdrawing From Exchanges: Selloff to Come? appeared first on Coin Edition.