Ethereum’s exchange deposit surge: Uncovering trends, outflows, and price upticks
According to a tweet by Glassnode Alerts, there has been a significant upswing in ETH deposits....
- Ethereum has experienced a significant surge in exchange deposits, reaching the highest level in over nine months.
- Despite the increase in deposits, more Ethereum has been withdrawn from exchanges, indicating a higher outflow than inflow.
- The trading volume of Ethereum has fluctuated, with a decline followed by a slight rebound.
- The price of Ethereum has seen a modest uptrend, but it is still stuck in a bearish trend.
The article provides a neutral analysis of the recent surge in Ethereum exchange deposits, the fluctuation in trading volume, and the modest price uptrend.