As I look at this chart from Merlijn The Trader, I’m struck by the clear trends in Ethereum’s market dynamics. The top graph shows a significant drop in exchange reserves, highlighted around $1.25K, which suggests that less ETH is available for trading on exchanges—potentially a sign of reduced selling pressure or increased holding by investors. Meanwhile, the bottom graph reveals a steady rise in the ETH 2.0 staking rate, peaking near $4.25K, indicating more ETH is being locked up for staking, which could tighten supply further.From my perspective, this combination feels like a quiet buildup to a bullish move. The evaporating exchange reserves and surging staking rates hint at growing confidence in Ethereum’s long-term value, possibly signaling the start of a "silent bull run." With ETH currently at $2,600, I see this as more than just a temporary dip—it might be a warning of an impending price snap upward as supply shrinks and demand quietly builds. I’m intrigued and considering this a potential opportunity to watch closely!#BinanceHODLerLA $BTC #SECETFApproval #BinanceTurns8 #BreakoutTradingStrategy #TrumpTariffs $ETH $XRP
