Ethereum balance on crypto exchanges falls to lowest levels since 2018 By Cointelegraph

The quantity of Ethereum‘s native token Ether (ETH) saved with crypto exchanges has fallen to its lowest levels since September 2018, signaling merchants‘ intention to maintain the tokens in hopes of a worth rally in 2022.

Notably, almost 550,000 ETH — value round $1.61 billion — have left centralized buying and selling platforms year-to-date, in accordance to knowledge supplied by Glassnode. The large outflow has diminished the exchanges‘ net-Ether balance to 21.72 million ETH, down from its document excessive of 31.68 million ETH in June 2020.