Ethereum Nears $6,000 as Exchange Supply Shrinks

Ethereum’s price is surging towards the $6,000 mark as the amount of ETH held on exchanges plummets. This drastic reduction in available Ethereum stems from strong institutional investment and ongoing protocol upgrades, creating a potential price surge. This tightening supply might drive similar market movements seen during past bullish phases, potentially impacting other cryptocurrencies and overall market sentiment.