{"id":474936,"date":"2021-10-29T19:00:47","date_gmt":"2021-10-29T19:00:47","guid":{"rendered":"https:\/\/wncen.com\/?p=474936"},"modified":"2021-10-29T15:45:49","modified_gmt":"2021-10-29T15:45:49","slug":"ethereum-supply-shock-exchange","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-supply-shock-exchange\/","title":{"rendered":"Ethereum Supply Shock Deepens: Exchange Reserves Decline 18% In 5 Months"},"content":{"rendered":"

As Ethereum’s price approaches new all-time highs, the coin’s supply shock seems to be deepening with exchange reserves declining 18% in the last five months.<\/p>\n

Ethereum Exchange Reserves Are Down 18% In The Last 5 Months<\/h2>\n

As pointed out by a CryptoQuant post<\/a>, ETH’s exchange reserves seem to have declined a lot in the last few months, signaling that a supply shock might be brewing in the crypto.<\/p>\n

The all exchanges reserve<\/a> is an indicator that shows the total amount of Ethereum present in wallets of all exchanges.<\/p>\n

An increase in the metric’s value means investors are moving their coins to exchanges for selling purposes, thus increasing the available supply of the crypto. Such a trend could be bearish for ETH.<\/p>\n

A decrease, on the other hand, would imply that holders are taking their Ethereum off to personal wallets, either for hodling them, or for selling through OTC deals. This trend can prove to be bullish for the crypto.<\/p>\n

Related Reading |\u00a0Bitcoin Attempts Fresh Increase, Why BTC Could Struggle Near $62K<\/a><\/strong><\/em><\/p>\n

Now, here is a chart that highlights the trend in the value of the indicator through this year:<\/p>\n

\"Ethereum<\/p>\n

ETH's exchange reserves seem to be on a constant decline | Source: ETHUSD on TradingVIew<\/a><\/pre>\n
As the above graph shows, the indicator’s value has been showing a steady decrease since a while now. In the last five months alone, the reserve has dropped by 18%.<\/p>\n
Related Reading |\u00a0TA: Ethereum Outperforms Bitcoin, Why ETH Could Rally To New ATH<\/a><\/em><\/strong><\/p>\n
Incidentally, 5 months ago was around when the crypto broke above $4k for the first time. The exchange reserve measured around 22 million ETH back then. Since then, the coin has broke $4k two more times, and each time the reserve has been lesser. Today, the value of the indicator is just 18 million ETH.<\/p>\n
This trend shows that the demand for Ethereum has been pretty different each time the coin has approached its ATH. Since the exchange reserves are very low right now, the usual supply and demand dynamics tell us such a supply shock<\/a> may help propel the price of the coin up soon.<\/p>\n
ETH Price<\/h2>\n
At the time of writing, Ethereum’s price<\/a> floats around $4.4k, up 11% in the last seven days. Over the last month, the crypto has gained 54% in value.<\/p>\n
The below chart shows the trend in the price of ETH over the past five days.<\/p>\n
\"Ethereum<\/p>\n
Ethereum's price recovers from the crash and is now heading towards a new ATH | Source: ETHUSD on TradingView<\/a><\/pre>\n
ETH has shown some volatility in the last few days as the coin’s price crashed to $3.9k a couple of days back, but has already recovered back higher. If the supply is anything to go by, the coin might be ready to head up soon and explore new ATHs.<\/p>\n
Featured image from Unsplash.com, charts from CryptoQuant.com, TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
As Ethereum’s price approaches new all-time highs, the coin’s supply shock seems to be deepening with exchange reserves declining 18% in the last five months. Ethereum Exchange Reserves Are Down 18% In The Last 5 Months As pointed out by a CryptoQuant post, ETH’s exchange reserves seem to have declined a lot in the last few months, signaling that a supply shock might be brewing in the crypto. The all exchanges reserve is an indicator that shows the total amount of Ethereum present in wallets of all exchanges. An increase in the metric’s value means investors are moving their coins to exchanges for selling purposes, thus increasing the available supply of the crypto. Such a trend could be bearish for ETH. A decrease, on the other hand, would imply that holders are taking their Ethereum off to personal wallets, either for hodling them, or for selling through OTC deals. This trend can prove to be bullish for the crypto. Related Reading |\u00a0Bitcoin Attempts Fresh Increase, Why BTC Could Struggle Near $62K Now, here is a chart that highlights the trend in the value of the indicator through this year: ETH’s exchange reserves seem to be on a constant decline | Source: ETHUSD on TradingVIew As the above graph shows, the indicator’s value has been showing a steady decrease since a while now. In the last five months alone, the reserve has dropped by 18%. Related Reading |\u00a0TA: Ethereum Outperforms Bitcoin, Why ETH Could Rally To New ATH Incidentally, 5 months ago was around when the crypto broke above $4k for the first time. The exchange reserve measured around 22 million ETH back then. Since then, the coin has broke $4k two more times, and each time the reserve has been lesser. Today, the value of the indicator is just 18 million ETH. This trend shows that the demand for Ethereum has been pretty different each time the coin has approached its ATH. Since the exchange reserves are very low right now, the usual supply and demand dynamics tell us such a supply shock may help propel the price of the coin up soon. ETH Price At the time of writing, Ethereum’s price floats around $4.4k, up 11% in the last seven days. Over the last month, the crypto has gained 54% in value. The below chart shows the trend in the price of ETH over the past five days. Ethereum’s price recovers from the crash and is now heading towards a new ATH | Source: ETHUSD on TradingView ETH has shown some volatility in the last few days as the coin’s price crashed to $3.9k a couple of days back, but has already recovered back higher. If the supply is anything to go by, the coin might be ready to head up soon and explore new ATHs. Featured image from Unsplash.com, charts from CryptoQuant.com, TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":474939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,84564,1946,84296,8686],"class_list":["post-474936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-supply-shock","tag-ethereum","tag-ethereum-exchange-reserves","tag-ethusd"],"acf":[],"yoast_head":"\nEthereum Supply Shock Deepens: Exchange Reserves Decline 18% In 5 Months<\/title>\n<meta name=\"description\" content=\"As Ethereum's price approaches new all-time highs, the coin's supply shock seems to be deepening with exchange reserves declining 18% in the last five\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Supply Shock Deepens: Exchange Reserves Decline 18% In 5 Months","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-supply-shock-exchange\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-supply-shock-exchange\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/executium-fLny-u8jZp4-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/executium-fLny-u8jZp4-unsplash-scaled.jpg?fit=2560%2C1703"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","eth supply shock","ethereum","ethereum exchange reserves","ethusd"],"dateCreated":"2021-10-29T19:00:47Z","datePublished":"2021-10-29T19:00:47Z","dateModified":"2021-10-29T19:00:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Supply Shock Deepens: Exchange Reserves Decline 18% In 5 Months\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-supply-shock-exchange\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-supply-shock-exchange\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/executium-fLny-u8jZp4-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/executium-fLny-u8jZp4-unsplash-scaled.jpg?fit=2560%2C1703\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"eth supply shock\",\"ethereum\",\"ethereum exchange reserves\",\"ethusd\"],\"dateCreated\":\"2021-10-29T19:00:47Z\",\"datePublished\":\"2021-10-29T19:00:47Z\",\"dateModified\":\"2021-10-29T19:00:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/executium-fLny-u8jZp4-unsplash-scaled.jpg?fit=2560%2C1703","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/474936"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=474936"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/474936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/474939"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=474936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=474936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=474936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}