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DOMAINS TOKEN-G

Ronald Maguire

05 May 2022 145 Read Crypto , Altcoins

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Ethereum Outflows From Coinbase Reach New Record

A record number of ETH has been withdrawn from Coinbase wallets to cold wallets as Ethereum price faces $3,000 resistance. The price, which has been in a downtrend since the end of March, may make a breakout move in May and enter an uptrend again. Preparing for a mini bull run, ETH is targeting $4,000 and above again.

Coinbase Ethereum Outflows Sets Record

On-chain data also confirms that the Ethereum price could rise. ETH balance on all cryptocurrency exchanges has dropped to its lowest level since August 2018. Investors prefer to hold Ethereum assets rather than trade them.

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