The crypto market is buzzing with a major development: Ethereum exchange reserves have plummeted to historic lows, as shown in the latest data from CryptoQuant.
The chart reveals a steep decline, with reserves dropping to just 18.8 million ETH down from a peak of over 34 million in 2021. This shrinking supply is a clear signal of a potential supply shock, and experts are already predicting big moves ahead.While exchange reserves dwindle, institutions are stepping in with massive purchases, scooping up billions in $ETH .
This aggressive accumulation suggests strong confidence in Ethereum’s future, likely driven by anticipation of altcoin ETFs and Ethereum’s looming all-time high (ATH) breakout. The ETH/BTC ratio is also surging, echoing patterns from past bull cycles, adding further fuel to the fire.
With so little $ETH available on exchanges, the stage is set for a price surge. Analysts are eyeing a potential climb to $10,000 as demand outstrips supply. As Google searches for “altcoins” hit new ATHs and market momentum builds, this could be the catalyst that kicks off the next altseason. The future of $ETH looks bright don’t miss out on this pivotal moment!
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