There’s little reason to believe that tokens that made the market like Ethereum will crash, but their sluggish withdrawal from exchanges is making investors skeptic

Ethereum has reached an all-time high of withdrawal from exchanges, and this could only mean a few things. Investors have stopped banking on its price increase, and it has become yet another store-of-value just like Bitcoin. Nothing wrong with that, but this will obviously see its price increase regress and slow down over the coming months.

I actually believe that a common sentiment of hodling will actually be very beneficial for Ethereum on the long run, as was proven to be the case for Bitcoin, such as when everyone decided to hold, prices kept booming.

Not only that, but now the attention is off Ethereum as it is locked away in private wallets, the attention could now to small startup and new projects in the field. New ideas and new ventures out there could grab more attention and more investors that are trying to find the next big thing among all the little ideas.

And there’s no lack of small ideas, especially now with the current global sentiment heading towards more web 3 and DeFi based ideas. DeFi seems really to be the next big move in the crypto world, and it’s leaving nothing In its way to success.

More investors are also calling for more attention and more recognition towards DeFi projects and web 3 based ideas. Ideas that are based around that world are being founded on concepts of creating a more fair future for users all over. As people got to understand that their information belongs to them. Even game NFT ideas are being made to reward people rather than just taking their money for game rewards. Play-to-earn is now the basis for most modern games, and ideas out there are finding ways to solve issues with projects that reward users. Take for exam filecoin, chainlink or aloha defi with their hotspot sharing monetizing mechanism. This is the current move of the market and it will remain that way for a while.

The slowing of Ethereum, and the communal sentiment towards going into holding will be a positive move for the rest of the market.