327,000 ETH left exchanges in the last 7 days as Ethereum price rebounds: details Crypto
Amid an ongoing transition, Ethereum network participants have been preparing for a move from a proof-of-work system to a protocol that solely relies on the proof-of-stake consensus algorithm.ETH bullish sentiment received a boost as the Ethereum balance continues to decline on exchanges following improved investor optimism. Outflows to exchanges have grown as a result of the recent rebound in crypto markets.
Ethereum had plunged to the $2,300 support on Feb. 24 but was met with buying from investors. The largest altcoin continued to print gains for the third day in a row reaching an intraday high of $3,045 on March 2.
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