More than a million ETH withdrawn from exchanges — Will Ethereum reach $3,000 after that? $ETH
Ethereum has recovered by more than 50% in May.
On-chain data provides new insights into changing sentiment among Ethereum investors following the Pectra upgrade.
As a result, many analysts now expect higher price levels.
This on-chain data includes ETH withdrawals from exchanges, exchange reserves, and whale accumulation of ETH. Over the past month, all of these metrics have achieved impressive milestones.
