Coin outflows usually happen when users transfer their ETH tokens from exchanges to their own wallets. This indicates increasing conviction among long-term investors and is seen as a bullish development for the Ethereum price. As less and less ETH is available on exchanges, it becomes more difficult for buyers to obtain coins.
Experts predict huge rise for Ethereum (ETH)
Experts remain optimistic about ETH’s price. Analysts from VanEck, a major American asset management firm, predict a significant increase in value for this popular altcoin. Matthew Sigel, an expert from VanEck, expects that the altcoin could reach a price of $154,000, which would mean an increase in value of 4,225%.
According to Sigel, this growth is driven by the large-scale adoption of smart contract technology on the Ethereum network. He predicts that the advertising market, financial sector and IT infrastructure will switch en masse to blockchain technology.
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Source: https://newsbit.nl/ethereum-exchangebalans-extreem-laag-goed-nieuws-voor-eth-koers/
