Ethereum's week has been anything but ordinary, with an imminent spot ETH ETF launch by summer's end and the SEC closing its investigation into Ethereum 2.0, signaling that ETH sales aren't securities transactions. June 16 marked a significant price peak before a dip, indicating a potential period of consolidation. Yet, June 18 saw trading surges, with $7.44 billion on CEXs and $864.67 million on DEXs, hinting at a deeper trend. A consistent decrease in ETH held in exchange wallets since May suggests...
Bullish sign for Ethereum as exchange balances drop Bullish sign for Ethereum as exchange balances drop
Exchange wallets see largest ETH outflows in nearly a year, indicating at bullish sentiment.
3 min read
Updated: Jun. 21, 2024 at 12:23 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
