$ETH is trading at $BTC 4,310 — just 11.7% shy of its all-time high at $4,878.

📉 Exchange reserves sit near historic lows at 18.85M ETH, pointing to limited supply.

📈 Open interest of around $29.17B shows traders are heavily positioned for action.

Key Levels:

• Resistance: $4,468 — a breakout here could spark a short squeeze to ATH

• Support: $4,043 — losing this may lead to a deeper drop

🚀 Tight supply combined with high leverage sets the stage for a potential bullish breakout. Could $ETH be on the verge of setting new records?