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ETH price follows USDT supply

@socialtrends
1 min read
16.04.2020
ETH
USDT

Found out this correlation between ETH price and the USDT supply on exchanges

ETH price (green) and USDT supply (brown) on exchanges
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Featured in this Insight

Ethereum ETH

$ 3038.47
17.88%
in last 7d

Tether [on Avalanche] USDT

$ 0.999949
-0.0145%
in last 7d

Tether [on Arbitrum] USDT

$ 0.999949
-0.0145%
in last 7d

Tether [on Optimism] USDT

$ 0.999949
-0.0145%
in last 7d

Tether [on Polygon] USDT

$ 0.999949
-0.0145%
in last 7d

Tether [on Ethereum] USDT

$ 0.999949
-0.0145%
in last 7d

Tether [on BNB] USDT

$ 0.999949
-0.0145%
in last 7d

Tether [on Solana] USDT

$ 0.999949
-0.0145%
in last 7d
ETH
USDT

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