The cryptocurrency rate has dropped the record number Ethereum

Last week, in one hour on January 22, investors withdrew 659,000 ETH from crypto exchanges. According to the observation of the CEO and founderNuggetsNews.com.au Alekca Condepca, this Ethereum outflow could be the biggest day.

Its analysis of the above can be found on the graph below.

“The biggest withdrawal of ETH in history?Yesterday, 659 thousand left the exchanges in one hour. ETH, because the buyers at the drawdown sent their coins for staking. As always, great data from CroptoQuant.com!”

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As Condec mentioned, it is likely that investors inEthereum has migrated its ETH to offline wallets, DeFi platforms, or staking in ETH 2.0. Any direction is positive for Ethereum, as it means that ETH investors are optimized for future digital assets. In addition, with a smaller number of Ethereum at the ETH price, at the same time, there will be an increase in price and a reduction in the offer.

As prices go down, Ethereum is back to bullishthe therapy after the price is raised to $ 1 300, as a support. For all intents and purposes, Ethereum will continue to move upward in small steps, bringing all the new support levels.

If the king of the cryptocurrency stays in the range of 30–2 thousand, this will provide a stable environment, which is not necessary for the flourishing of Ethereum, and, possibly, up to $ 1500.

As a matter of fact, Ethereum's bullish momentum will persist until at least February 8, when the CME group launches its ETH futures contracts, adapted for investment investment.

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