🚨HUGE divergence between #Ethereum and #Bitcoin!
ETH is becoming SCARCER than BTC.
#ETH Exchange Balance: 10.189% 📉
#BTC Exchange Balance: 15.086% 📈
The gap is WIDENING!
$ETH surpassed $3,000 for the first time since April 2022
This spike is likely driven by signs of seller exhaustion as well as anticipation for #Ethereum ETF approval [VanEck filed their S-1 earlier today]
Is this the start of a bullish turnaround? 🐂⤴️