Centralized exchanges withdrew $ 1.2 billion in ether with a record daily inflow and this is the second time this year so the price could change as soon as we read it. Add my latest Ethereum news today.

More than $ 1 billion in ether was withdrawn from the centralized exchanges last day, leading to speculation about an impending price spike for ether as supply on many other trading venues shrinks. According to data from analytics provider IntoTheBlock, $ 1.2 billion worth of ETH was pulled from centralized exchanges to hit a new record in short-term cash flow from exchanges.

Net amount of $ ETH Leaving the exchange just hit a new record

Worth over $ 1.2 billion $ ETH left the centralized exchange yesterday

Last time $ 1 billion + remaining CEX, # Ether 60% increase in 30 days pic.twitter.com/wfRuX11Rtk

– IntoTheBlock (@intotheblock) 16.09.2021

IntoTheBlock notes that the price of Ether rose 60% last month after withdrawing $ 1 billion from centralized trading platforms in April. The situation has changed since April, but the upgrade in London last month resulted in one Mechanism for writing to ETH a fee market that has only increased the deflationary pressure on the supply dynamics at ETH. At the time of writing, in the last 42 days since Ethereum’s 1559 improvement proposal went live, 309,055 ethers worth $ 1.1 billion have been burned. Ether has been phased out at a rate of 5.05 ETH per minute, or $ 26 million, since the upgrade. The booming NFT market OpenSea is the leading decentralized application for Ethereum by write rate and represents over 14% of the ETH that has been removed from the offer, followed by Uniswap with 5.5% and Ether with 5.5%, 4.9%.

Bitcoin has also seen some steady outflows from centralized trading venues since it peaked at 17% supply in May, and centralized BTC exchanges have fallen to their lowest level since February 2018, according to online analytics firm Glassndoe.

As recently reported, Ethereum remains at risk and struggled to climb above $ 3500 against the US dollar and failed to break above $ 3450, initiating another decline. The price is currently trading below the USD 3400 level and the 100 hour simple moving average and a major downtrend line is forming with resistance near USD 3400 on the hourly chart of ETH / USD. The pair could extend the decline if there is another break below the USD 3,200 support area. ETH struggled to break the USD 3450 resistance and failed to hold above the simple 100 hour average, but a new high was formed near USD 3450 and the price began a new decline similar to BTC. There was even a break below the $ 3,350 and $ 3,250 support as ETH traded below the 50% retracement of the 50% retracement of the move to $ 3,148 and fell to the high of $ 3,450.

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