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❕NEWS Ethereum supply on exchanges gets lower in past month

Josemendez

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According to report gathered from beincrypto , the supply of ethereum in exchanges probably for withdrawal to other crypto or to Fiat currency has reduced drastically in the past months.

Analyst are suggesting that it is an indication that people are holdl their ethereum because of the faith they have in the price of ethereum. However , some investors say that people are only afraid to deal with ethereum gas fee transaction ,thus are holdl their ethereum while waiting for reduction in has fee . What do you think can be the reason behind this low supply ?
 

aryan4

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Both can be valid reasons. I think it was mostly drawn to cold wallets because of the expectation of rise or the belief that it will rise further.
 

Josemendez

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Both can be valid reasons. I think it was mostly drawn to cold wallets because of the expectation of rise or the belief that it will rise further.
Yeah , especially now that about 1.15$ million ethereum will be expirying by end of March and this will help make supply reduce and thus increase price
 

ELSA-ELI

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All of the top notch crypto coins with etheruem inclusive have ridiculous gas fees which should be looked into soonest otherwise the crytpo world should be quickly be scrutinized and avoided. Imagine if the whole world adopted it and this was the case where one with with $20 dollars has to loose $5 or more in gas fees as they claim just for withdrawing crytpo.Its so ridiculous and insane and we should not be played for a fool. Then only few countries have access to trustworthy wallets like luno wallets or other trusted wallets others have to pay exchangers to withdraw to local bank.

The earlier we work up the better. If the new intervention is meant to last then its good but if its with an agenda i suggest we quickly wake up.
 

Niftyicon

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Those reasons are quite valid and for people that do not have so much invested in ETH, they would probably prefer to hold on to it until there could be solution to the fees.
 

highspeed

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In my opinion, perhaps he is approaching the second of the two hypotheses.. In fact, you made me understand in your most recent thread, that the commission fees on Ethereum gas are definitely too expensive! And these risk making some investors, go towards a loss!
 
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