Ethereum's Onchain Metrics Show Staked ETH Increasing, ETH Balance on Exchanges Decreasing
Ethereum's onchain metrics show positive signs of growth and stability, with the total value of staked ETH reaching over 25.6 million, a 70% increase since the beginning of the year. Additionally, the total balance of ETH on exchanges has dropped to its lowest level in five years, indicating a decline in sellside pressure. The increase in staking and rising demand for ETH from institutional investors suggest confidence in the asset's future growth.
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Ethereum's Onchain Metrics Show Staked ETH Increasing, ETH Balance on Exchanges Decreasing
Ethereum's onchain metrics show positive signs of growth and stability, with the total value of staked ETH reaching over 25.6 million, a 70% increase since the beginning of the year. Additionally, the total balance of ETH on exchanges has dropped to its lowest level in five years, indicating a decline in sellside pressure. The increase in staking and rising demand for ETH from institutional investors suggest confidence in the asset's future growth.