On May 19, the volume of ethereum on crypto exchanges fell to a historic low. In five years, 15.3 million ETH was withdrawn from trading platforms, which corresponds to $39.2 billion. Currently, less than 4.9% of the circulating supply of coins is stored on exchanges – this is the lowest figure since 2015. There is a similar trend in the bitcoin market. During the same period, BTC reserves decreased by 1.7 million coins, equivalent to $180.5 billion. As a result, only 7.1% of the issued bitcoins remain on centralized platforms, which is the lowest since November 2018. A decrease in the volume of cryptocurrencies on exchanges may be a signal for an increase in the exchange rate. Reducing the selling pressure creates the prerequisites for a rise in price, especially for ethereum. According to analyst Ali Martinez, the coin can reach $3,000 and then rise to $4,000. Currently, the cost of ETH is $ 2,484, and for the implementation of the first forecast, an increase of 17% will be required, and for the second – by another third.
