Will Ethereum price drop by 7%?

According to data from data analysis platform Spot On Chain, 11 out of 12 cryptocurrency wallets withdrew about 13,059 Ethereum. It is worth noting that one of the cryptocurrency wallets – 0xdfa, withdrew a slightly higher amount, which is 13,084 ETH.

Meanwhile, the supply of Ethereum on cryptocurrency exchanges has declined significantly, reaching its lowest level in seven years, as reported by blockchain data from Glassnode. Lark Davis, an experienced cryptocurrency investor, shed light on this trend.

“The supply of Ethereum on exchanges is at a 7-year low, and as a result, the price of Ethereum may rise significantly.”

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