By Yuri Molchan
April 5, 2021
Glassnode analytics company has tweeted that the balance of Ethereum on crypto exchanges has reached a 20-month low with ETH remaining above the $2,000 level.
The second-biggest digital asset surged above the $2,000 level on Friday last week, along with the king crypto, Bitcoin, going above $60,000.
As of this writing, ETH is changing hands at the $2,050 level, showing almost 20 percent growth over the past week.
The major factor that pushed ETH to its new all-time high was the fact that the billionaire Mark Cuban disclosed his ETH investment.
ETH Balance on Exchanges Hits 20-Month Low as Ethereum Holds Above $2,000