ETH has dropped over $200 in just the past few days.
On centralized exchanges the amount of ETH continues to decrease, currently the lowest since ETH was traded.
But that still can’t help ETH hold its price, ETH has dropped to a 6-week low .
The supply of Ethereum on CEX exchanges dropped to just 10.31% at the end of March.
The source of the analysis asserts that this is the lowest number since ETH began trading publicly in 2015.
At first glance, this seems like a good thing, as the low amount of ETH on exchanges leads to low selling pressure.
However, this has not happened in the past few days. ETH hit $2,000 less than a week ago, but following Wednesday’s CPI announcement ETH plummeted over $200 and earlier today hit a 6-week low of $1,740 (on Bitstamp).