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Ethereum Price Primed For A Reversal As Exchange Outflows Rise
Ethereum price rose on Friday as the broader market signaled potential recovery. ETH was up by 2.7% at the time of writing, with its price at $3,308, halting a three-day losing streak. Notably, the crypto coin’s recovery was accompanied by a rise in the Ethereum chain’s DeFi performance. According to DeFiLlama, Ethereum’s Total Value Locked (TVL) inched up by 0.25% and stood at $65 billion at press time. According to IntoTheBlock, 74% of ETH holders have had it for more than a year. That is not only a significantly large figure, but also higher than market leader, Bitcoin’s 72%. This shows the willingness of ... (full story)