Ethereum

2024

bullish

Coin

<ul class="wp-block-list news-points">
 <li><strong>Ethereum staking hits an all-time high, reducing tradable supply and signaling strong investor confidence in ETH’s long-term growth.</strong></li>
 <li><strong>Exchange reserves of Ethereum hit record lows, suggesting increased self-custody and a potential supply squeeze driving bullish sentiment.</strong></li>
 <li><strong>Ethereum’s derivatives market sees a 116% surge in trading volume, highlighting heightened market activity and speculative interest.</strong></li>
</ul>
<p>Ethereum’s ecosystem is undergoing notable changes, according to an update by Leon Waidmann from Onchain Insights. In his latest post, Waidmann highlighted Ethereum staking reaching an all-time high while exchange reserves hit record lows. At the time of writing, Ethereum was valued at <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">$2,680.40</a> showing a 9.26% growth over the past 24 hours.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> Staking at ATH levels, while ETH on exchanges is hitting record lows. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>A supply squeeze incoming!<br><br>Bullish <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETH</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Vwd1RT2lwP" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Vwd1RT2lwP</a></p>— Leon Waidmann | Onchain Insights <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f50d.png" alt="🔍" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@LeonWaidmann) <a href="https://twitter.com/LeonWaidmann/status/1854090388698714519?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 6, 2024</a>
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<p>These developments suggest a potential supply squeeze, which could boost ETH’s price. Also, on-chain data points to increased confidence in Ethereum’s long-term viability, as more investors move their ho…</p>
<p>The post <a href="https://coinedition.com/ethereum-staking-surges-as-exchange-reserves-hit-record-lows-bullish-signal-for-eth/" rel="noopener noreferrer nofollow">Ethereum Staking Surges as Exchange Reserves Hit Record Lows: Bullish Signal for ETH?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ethereum Staking Surges as Exchange Reserves Hit Record Lows: Bullish Signal for ETH?

Coin Edition

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