This might be something to keep an eye on as ETH falls below $2K, per Santiment $ETH Ethereum Crypto
, over 330,000 ETH were sent to crypto exchanges in recent weeks. An increase in inflows to exchanges might suggest increased selling pressure resulting from decreased demand. As the asset is being put up for sale, this leads to its availability on exchanges and a consequent drop in price.
, one of the world's largest digital banking platforms, has greenlighted buying, holding and selling capabilities for cryptocurrencies, Bitcoin and Ethereum.Ethereum fell along with the general cryptocurrency market in the recent selloff. Cryptocurrencies dropped alongside the equities market after the Bureau of Labor Statistics reported that consumer prices for April rose 8.3%, which was slightly higher than expected by economists polled by Dow Jones.
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