Retail investors are not selling ETH

The current price of Ethereum (ETH) is $3,100, up slightly by 0.2% over the past 24 hours but down 2.7% over the past 7 days. Nonetheless, ETH has increased by 17.76% in the past month and 38% since the beginning of the year. According to a report by CryptoQuant, retail investors are still holding onto ETH, indicating confidence in its long-term potential.

- The amount of deposits into major exchanges like Binance and OKX is low, indicating little selling activity.

- The SOPR index of ETH is below 1.10, indicating trades are close to breakeven.

Despite the volatility, the market still believes that the current price of ETH is attractive with potential for growth in the future. 🌟