3 hours ago
Ethereum Supply Squeeze Deepens as ETH Price Holds Above $4,250
TLDR: Billions of dollars in Ethereum have left exchanges in recent months, creating the first recorded supply squeeze on trading platforms. Ethereum’s exchange flux balance turned negative for the first time, signaling demand from both institutions and retail buyers. Price of ETH trades at $4,388, showing a 9.45% weekly gain after reclaiming the critical $4,250 [...]
The post Ethereum Supply Squeeze Deepens as ETH Price Holds Above $4,250 appeared first on Blockonomi.
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