Ethereum’s exchange supply has hit a historical low, dropping below 4.9%, according to Santiment. This decrease coincides with over 1 million ETH leaving exchanges in the past month, as revealed by Ali Martinez. Analyst insights suggest this trend signals bullish momentum for Ethereum. Crypto veteran Arthur Hayes also predicts Ethereum leading the altcoin season this summer. The price surge, surpassing $2,550, further supports these predictions. A 7% increase in Ethereum’s page value reflects increased investor confidence, and its market capitalization now exceeds $300 billion. On-chain data indicates decreased selling pressure with the lower supply on exchanges. Financial experts anticipate further implications for Ethereum’s market position as this shift towards long-term holding emerges. This potential decrease in exchange liquidity could lead to greater price resilience and investor confidence, echoing past trends where reduced liquidity led to price stability and a stronger market position.