Ethereum: One major misconception that will not dictate its short-term trend
Ethereum is the king of altcoins and there is no doubt about that. Over the past week, certain on-chain metrics have moved in its favor and over the long-term, its price credentials promise higher returns. However, it is currently surrounded by an air of invincibility, one which suggests that ETH might avoid any short-term corrections as well.
That is unlikely to be true, however. In this article, we will take a deeper look into the supply held by top addresses and how bearish diversions can be created, irrespective of supply changes.
Source: Santiment
According to Santiment, the ETH supply held on exchanges has dropped down to 15%. Last year, during the same time, the figure was around 23%. It can be contemplated that the number of ETH moving
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