Ethereum exchange reserves hit record lows – Good news for ETH?

Quick Summary:

The Ethereum exchange supply ratio has dropped sharply this month showing that traders are less inclined to sell at current prices.

After falling below $10 billion in early August, Ethereum’s open interest has since increased to more than $11.5 billion at the time of writing per Coinglass data.

The RSI line has also been forming lower lows on the hourly chart, further showing a weakening uptrend.

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Article Details

Author / Journalist: Muthoni Mary

Category: Crypto

Markets: United States

Topics: Ethereum Altcoin Ambcrypto News 1 Social Trading View News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 12:00:42 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22259167

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 18 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #103

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