Investors withdrew over 203,000 ether from exchanges in a week
The price of ETH has risen almost 3.5% to $3342 in the last 24 hours. The largest altcoin is capitalized at ~$398.672 billion on Thursday, January 13.
According to the ViewBase platform, investors withdrew 203,147 ETH totaling up to $682.997 million from centralized crypto exchanges during the week.
The ETH exchange balance fell to 11.6% of the cryptocurrency's total market supply in mid-January. Analysts view such data positively, as reduced supply of the asset eases pressure on it from sellers. This should have a positive effect on the value of ether amid growing demand.
Currently, the lion's share of the altcoin is placed on Coinbase, Binance and Gemini platforms - 6.34 million, 2.13 million and 1.79 million coins, respectively. Coinbase and Binance hold 46.16% and 15.57% of the ETH exchange balance as percentages.
