Ethereum Realized Price At 6-Month High As ETH Staking Tops 24 Mln, Is $2500 Next?
Moreover, total ETH deposits post-Shanghai upgrade is 6 million ETH, while total withdrawals accounts for only 3 million, as per Nansen deposit contract data. advertisement ETH Balance on Deposit Contract. Source: Etherscan Moreover, Ethereum (ETH) balance on the crypto exchanges has reached a new five-year low. CryptoQuant data indicates that the total amount of ETH held in crypto exchanges dropped to critical levels. ETH on exchanges now stands at almost 16 million, reaching levels not recorded since July 2018. In fact, it has declined 50% since the all-time high. Interestingly, Nansen data indicates ETH locked has also reached an all-time high of 22.4 million. ETH locked means all ETH that is out of circulation, it includes ETH staked on the Beacon Chain, ETH deposited to the Beacon contract but not validating yet, and rewards on the Beacon chain. Typically, an increase in the amount of ETH locked and staking led to a decrease in the overall supply ...