TheBullduck
Do you hear that? Time is ticking for Ethereum.
Alternative Layer 1 solutions are rising on the shoulder of the NFT and hard fork trends while ETH is setting 3k level as the 'new 'normal' for itself. The market is getting used to what the new normal is and having to accept that Ethereum's fair value is somewhere between 2,5k to 3,5k levels. When we look at the exchange reserves, it shows an inverse correlation between ETH reserves and price. Some may confuse about the Binance chart which is a bit noisy due to Binance ETH 2.0 staking.