Short Summary:
Ethereum reserves on exchanges have dropped to just 8.8% of total supply, the lowest since 2015. This signals a historic supply squeeze as ETH flows into staking, DeFi, and long-term storage. With ETH holding above $3,000 and indicators showing stealth accumulation, analysts expect a potential breakout if price clears the $3,200–$3,250 resistance zone.
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🔑 Key Points
- Exchange reserves lowest since 2015 → Only 8.7–8.8% of ETH remains on CEXs.
- Supply squeeze forming → ETH locked in staking, Layer-2s, treasuries, and cold storage.
- OBV indicator breakout → Suggests smart money accumulation before a rally.
- Price action → ETH defended $3,000 for 5+ days, consolidating near $3,050.
- ETH/BTC breakout → Pair broke long-term downtrend, hinting ETH strength vs BTC.
- Trading levels (educational):
- Buy: $2,950 (primary), $2,900 (aggressive)
- Stop Loss: $2,800 (safe), $2,820 (tight)
- Take Profit: $3,200 → $3,350 → $3,550–$3,600
- Bearish risk: Breakdown below $2,880 could target $2,700–$2,520.
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✅ Final Outlook:
Ethereum is entering its tightest supply condition ever. With strong accumulation signals and price stability above $3,000, ETH is structurally set for a high-probability breakout once momentum clears the $3,200 zone.
