On the 11th of July, an unknown market participant transferred 6,400 Ethereum [ETH] to the Beacon depositor wallet. The Beacon Chain
Bulls have kept bears at bay, suggesting that ETH might inch toward $3,500.to the Beacon depositor wallet. The Beacon Chain is the system responsible for validating new blocks on the Ethereum network.Locking a lot of coins could reduce selling pressure, and in ETH’s case, it could prevent it from declining below $3,000.When this metric increases, it means that holders of the altcoins are socking away at least 32 ETH in expectation of rewards.
But for the price to increase, the number of coins on exchanges has to reduce. To check if this was the situation, AMBCrypto assessed Ethereum’s exchange inflow and outflow.
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