Ethereum exchange reserves are dropping to their lowest levels in two years, indicating a shift towards accumulation by institutional investors. BlackRock has reportedly purchased over $50 million in ETH through Coinbase. The recent price surge has been fueled by growing interest from financial institutions and is attracting attention from those seeking long-term investments or staking opportunities. 2023 data shows that Ethereum’s supply on centralized exchanges has fallen sharply, hitting a record low of 18.7 million ETH, according to CryptoQuant. The decline signals a shrinking liquid supply as traders withdraw their holdings. Recent data from CoinGlass supports this trend with continuous negative netflows, indicating a consistent flow of ETH out of exchanges over the past month. This outflow coincides with a price rebound above $2,600, prompting some analysts to interpret these trends as bullish. 📈