Ethereum drops to a 19-month low on exchanges By BTC Peers

Ethereum drops to a 19-month low on exchanges

CryptocurrencyApr 05, 2021 06:00PM ET

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Ethereum drops to a 19-month low on exchanges

Amid Ethereum’s rise to a new all-time high of over $2,140, the number of Ethereum held on crypto exchanges has dropped to a 19-month low.

According to data from on-chain analytics provider Glassnode, the amount of Ethereum on centralized crypto exchanges is currently sitting at around 14.6 million ETH. This is a mere 12.7% of the digital asset’s entire supply. The last time the value was this low was in August 2019, when Ethereum was exchanging hands at around $220 per coin.

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Ethereum drops to a 19-month low on exchanges

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