SimonaD
Ethereum’s signs of strength
After the FTX event, Ethereum's netflow and its reserves on spot exchanges highlighted a strong behavioral pattern among Ether investors that have suggested since then a strong belief in Ethereum's future recovery. The chart makes it clear that Ethereum all-exchange's spot reserve has been constantly in a downtrend due to big outflows, while the total value staked of Ethereum has increased. The total value staked balance of Ethereum is currently over 31 million, reflecting fundamental belief and a positive sentiment. The decline of exchange reserves and a continuous staking commitment indicate an understanding of Ethereum’s intrinsic value and a strong belief in the asset’s staking fundamentals. A decrease in the exchange reserves means there isn’t much selling pressure in the Ethereum market. If this steep downtrend continues, the price could go up even further.