Ethereum Exchange Reserves Plummet, Signaling Potential Price Surge

Ethereum’s exchange reserves are plummeting at a rapid pace. This decline suggests significant accumulation by investors who are withdrawing their ETH from centralized exchanges and holding it in self-custody or DeFi protocols. Reduced reserves indicate a decrease in immediate selling pressure, potentially paving the way for price gains. The shrinking supply on exchange platforms could have a direct impact on market dynamics, with demand potentially increasing if the supply remains tight. This trend aligns with growing investor interest in Ethereum’s long-term potential and could signify a shift towards a major price rally. )