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Ethereum Sees Over 100,000 ETH Moved to Exchanges in 48 Hours
In a shocking turn of events, it has been reported that over 100,000 Ether (ETH) have moved to exchanges within the past 48 hours. This sudden influx is causing significant unease among investors and traders alike.
As per Santiment data, over 9.2 million ETH worth approximately $18.3 billion were either being traded on or are about to be liquidated as of March 12, 2025. The dramatic increase in supply on exchanges has sparked concerns regarding short-term bearish sentiments.
The recent surge in transactions recorded at 16,500 implies an enormous rise in activity on the market. It is believed that this spike may signal a wait-and-watch approach from investors who are either expecting a price drop or seeking short-term profit opportunities.
Ethereum’s supply on exchanges has increased sharply, jumping from approximately 9.19 million ETH to 9.23 million ETH within just 24 hours. This movement has been highlighted as a historical indication of traders preparing for selling purposes.
The situation surrounding Ethereum remains uncertain, with the coin struggling below critical resistance levels while facing immense pressure in the market.
Source: https://cryptonewsland.com/ethereum-sees-over-100000-eth-moved-to-exchanges-in-48-hours/
