Ethereum (ETH) could be on the brink of a supply shortage as exchange reserves decrease due to strong token accumulation by whales and growing institutional demand.
The supply of ETH on exchanges is currently at historic lows, while whales have purchased 1.29 million tokens in a month. At the same time, the volume of ETH staked has reached an all-time high.
With the increase in demand, what implications does this impending restriction have for the price of Ethereum? Will it be the catalyst that drives ETH above $4,000?
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