🔥 “ETH Supply Squeeze: Exchange Balances Hit Record Low” ⚡💎
- Historic Low: Only 8.7% of ETH remains on centralized exchanges — the lowest since Ethereum’s launch in 2015.
- Supply Drain: ETH is increasingly locked in staking, restaking, layer-2s, digital asset treasuries (DATs), collateral loops, and long-term custody.
- Market Sentiment vs Reality: Despite “heavy” sentiment, analysts note tightening supply often precedes rallies.
- Technical Signal: The On-Balance Volume (OBV) indicator broke resistance, hinting at hidden buying strength.
- Price Action: ETH has held above $3,000 for five days, facing resistance at $3,200.
- ETH vs BTC: ETH recently broke above its downtrend line against BTC, showing relative strength.
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