With the recent Ethereum surge in value that has been accompanied by several record prices, the asset’s balance on exchanges is plunging, driven by various factors.
The Ethereum balance held on central exchanges has hit a record three-year low standing at 14,042,589.584 ETH, on-chain data provided by Glassnode indicates.
The data also shows that the balance that has been declining steadly with December 4, 2021, registered the previous three-year low of 14,059,101.985 ETH.
