Ethereum ($ETH ) Reserves on Exchanges Hit Lowest Point: Early Signal of Bull Run?
News – Ethereum $ETH 🔺4.67%-> is making a gradual recovery with the price breaking through $3,100 (Rp50.3 million), recording a 2.3% increase in the last 24 hours. However, on a weekly basis, ETH is still down 3.3%, which has investors and analysts revisiting on-chain fundamentals to predict the direction of its next move.
One of the key metrics of concern is Ethereum’s reserves on spot exchanges, which are now at their lowest point in years. This decline is often associated with potential buying pressure that could push prices higher in the near term
ETHUSDT
Perp
2,043.28
-1.68%