tldr; Crypto analytics firm Santiment says that the volume of ETH on exchanges has risen and a decline of the same would signal the start of a bullish cycle. According to Santiment, the amount of ETH held on the leading ten crypto exchanges is now over seven million, a figure last reached in May of 2021. The ratio of Ethereum held outside of crypto exchanges relative to the ETH held by exchanges has reached a one-year low.
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