Over the past months, Ethereum has been withdrawn from the exchanges every day. The presence of a bullish trend is immediately noticeable. And if Ethereum leaves the crypto exchanges in the near future, it will have the opportunity to voice its importance in the crypto arena, and other tokens will have chances to prove themselves.
About 7 million ETH has been used from August 2020 to today, which is about 30% of the exchange's reserve. We can contemplate a clear bullish trend. The price of Ether has increased very much in April, and it is likely that the digital asset intends to go for new heights. But the legitimate concern about the pretext of the outflow of exchange-traded assets was demonstrated in 2017, when it was transferred from exchanges to cold wallets. The question is: what will happen this year?
At the moment, the supply of Ethereum liquid is reduced, as it is blocked by the DeFi protocols. According to many expert data, more than ten million ETH are blocked. At the same time, storing ether on exchanges in 2017 was not the apogee of convenience, and now even more so: 3.8 million ETH were placed on ETH2 contracts worth more than $ 8 billion.
The decline in liquidity on the exchange increases in practical use, where the formation is clearly visible compared to 2017. Institutional attention and huge demand are seen as an additional plus. Since the liquid supply on the stock exchanges is exhausted, the demand will grow rapidly during this period.
