Ethereum has recently seen a large exchange outflow, with 110,000 ETH (worth around $181 million) being withdrawn from centralized exchanges. This is the largest outflow since August 21st and the lowest supply on exchanges since May 2018. The outflow could be a sign of buying activity in the market, as investors take their coins off exchanges and into self-custodial wallets. The supply outside of exchanges has been on a perpetual uptrend, due to the new ETH being minted in the form of validator rewards. Ethereum has been consolidating near the $1,600 level since its pullback from the recent surge above the $1,700 mark.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	None
Companies	HODLing, Santiment, Supply on Exchanges, TradingView, ETHUSD, ETH, Unsplash.com, Supply Outside of Exchanges, Validator Rewards
Currencies	Ethereum, Bitcoin
Securities	None