Ethereum Supply Shock Fuels Bull Run: Whales & Institutions Driving Price Spike

Ethereum is experiencing a surge, not only driven by market hype but also by significant whale activity and institutional investment. This has led to a historic drop in exchange reserves, marking a rare supply shock that analysts believe could propel the cryptocurrency into a new bull run. 1.2 million ETH was bought by whales in just two weeks alone, contributing to a record low of exchange reserves. With demand outpacing supply, Ethereum’s price is poised for an upward trajectory.