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The analyst firm called Glassnode posted on Twitter that the Ethereum balances on the cryptocurrency exchanges reached a minimum level of 20 months because the ETH price remains over 2,000 USD.
Posted 14 hours ago on Twitter:
https://twitter.com/glassnodealerts/status/1378927453842907139
- glassnodealerts
According to recent tweets distributed by Glassnode, users have actively withdrawn ETH from encryption exchanges.
The release of the second largest cryptocurrency reached a one-month high of 20,422,908 ETH (seven-day average), which equates to $ 41,595,132.
See here:on Twitter
Meanwhile, ETH balances on cryptocurrency trading platforms fell to a 20-month low of 14,605,497,262 ETH, equivalent to $ 29,735,185,820.
On Twitter:
鈫笍In addition, the number of ETH transactions increased to the highest level in a month, totaling 52,239,506.
The second-largest digital asset rose more than $ 2,000 last Friday, around the same time that Bitcoin rose more than $ 60,000.
ETH also hit a new all-time high of $ 2,152 on the same day, up nearly 20% from the previous week.
The main factor that led ETH to a record level was the revelation of its investment in ETH by billionaire Mark Cuban.
Specifically, Mr. Cuban allocated 60% of his Bitcoin portfolio, 30% Ethereum, and the rest altcoins. Other institutional investors are also showing a growing interest in Ethereum and Bitcoin - through investment funds such as Grayscale.
馃憠 Grayscale currently owns 3.17 million ETHs. In addition, phase 0 of ETH 2.0 continues to rise, as the total value of ETH locked in the deposit contract reaches USD 7,658,232,113.59 on Saturday: a new all-time high.
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