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According to on-chain data from analytics platform Santiment, Ethereum’s supply on exchanges has dropped to an all-time low, plunging below 4.9%. This marks the lowest level recorded in its 10+ year history and highlights a dramatic shift in investor behavior. This is a prime indicator of an incoming upside for Ethereum, especially with sentiment surrounding the cryptocurrency becoming increasingly bullish.
Ethereum On Exchanges Hits Record Low
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Ethereum (ETH) is currently trading around $2,530, a significant recovery from its April lows around $1,385. Notably, ETH’s price action in the past seven days has been marked by intense volatility. After peaking at approximately $2,730, the price faced resistance and dipped below $2,600. Despite
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