Author Topic: Exchanges running out of ETH with reserves plunging 27% in 48 hours (Read 716 times)

newshunter · « **on:** January 16, 2021, 07:01:24 AM »

Exchanges running out of ETH with reserves plunging 27% in 48 hours

Analysts predict Ether may soon hit a new all-time high after ETH reserves on centralized exchanges fell by 27% in two days.

Source: Exchanges running out of ETH with reserves plunging 27% in 48 hours

Would appreciate your opinion about this

Altcoins Talks - Cryptocurrency Forum · « **on:** January 16, 2021, 07:01:24 AM »

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bigcash2011 · « **Reply #1 on:** January 16, 2021, 07:22:49 PM »

This was expected as ETH now has more use cases the latest being staking and defi so people like to generate additional revenue from there while keeping their eth and also now the campaigns are regarding ETH price to the moon and people are suggesting very high targets that is why no one wants to miss out so they want to hold longterm to see high price.

Altcoins Talks - Cryptocurrency Forum · « **Reply #1 on:** January 16, 2021, 07:22:49 PM »

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Bobcrypto · « **Reply #2 on:** January 17, 2021, 04:29:58 PM »

Yeah, ETH has come up with certain developments, thanks to the launch of ETH 2.0, and decentralized finance (Defi). I also think that one of the reasons for ETH running out of reserve is due to high transaction fee experienced during this bull run, a situations that may persist in near future. Obviously, if the bull continues, we may be plunge to more shortage of Ether reserve, and another all time high will be created.

codehash · « **Reply #3 on:** January 17, 2021, 09:24:21 PM »

The same is true for Bitcoin. After the Bitcoin decline, the accumulation of wallets in hold position increased. It is likely that Ethereum holders' wallets have also increased. The whales turned the crisis into an opportunity.