$ETH Exchange Reserves Plunge — Whales Are Loading Up! 🐋🔥*
ETH just bounced off3,730 support and is now eyeing that golden 4,000 mark once again. 📈
But here’s what’s REALLY fueling the fire:
🚨 *Exchange reserves just hit a 9-year LOW* — the lowest since 2016!
🐳 *Whale wallets are scooping up ETH like there’s no tomorrow*
🎂 *Ethereum just turned 10*, and Ether Machine celebrated by buying *15,000 ETH* at3,809. That’s a 56M vote of confidence!
👀 Total ETH held by Ether Machine now? Over *334,000 ETH*
💰 They’ve still got *407M in dry powder* to grab even more.
Meanwhile...
✅ U.S. Spot ETH ETFs are still flowing green — +5.79M on Wednesday
✅ July saw a massive *5.14B inflow* into ETH ETFs — highest since launch!
What it means:
⚠️ Low exchange reserves = less selling pressure
⚠️ High institutional interest = demand is climbing
⚠️ ETH above 3,800 = bullish continuation
*If ETH closes above4,000*, next target could be *4,488* (Dec 2021 high).
But if it slips below3,730, watch for a dip toward $3,500.
This isn’t just price action — this is *whale conviction + supply squeeze*. 🧠📉🚀
#ETH #EthereumTurns10 #BinanceSquare #CryptoNews #WhaleWatch