Ethereum holders, watch out for THIS as over 45,000 ETH flood exchanges

experienced a price rise at the end of trading on 8th April. This surge in price coincided with an increase in exchange inflow as Alameda seized the opportunity to capitalize on its holdings.to the Coinbase exchange. The data indicated that Alameda deposited 4,000 ETH, valued at around $14.7 million when ETH was trading at approximately $3,688.and Alameda have deposited over 21,000 ETH, amounting to more than $72 million.

The chart displayed over 45,000 ETH deposited into these exchanges on 8th April, suggesting that, like Alameda, other traders took advantage of the ETH price rally.However, there was a reversal in the flow at the time of writing, with more outflow recorded. Over 35,000 ETH have been withdrawn from exchanges thus far. This movement could be attributed to the slight pullback in ETH’s price at the time of writing.witnessed a significant surge, marking its largest increase in some time.

Despite this decline, Ethereum maintained its current bull trend, as indicated by its Relative Strength Index. Additionally, analysis of its volume indicated an uptick. At the time of this writing, the volume was over $20 billion, reflecting ongoing market activity and investor interest in Ethereum.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations.

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