Ethereum Exchange Supply Plummets, Is Now a Bullish Signal for Price Growth?

Recent data shows a significant drop in Ethereum’s supply on Binance exchanges, indicating an increased accumulation of the cryptocurrency by its holders. This trend suggests that Ethereum is being held rather than traded, potentially signaling future opportunities to sell at a profit. Analysts believe this decrease in liquid supply points towards Ethereum becoming a strong investment asset for those seeking value-driven returns. Traders are closely watching the price, with some targeting buying Ethereum below $3,700 as a potential opportunity for growth.