#ETHTreasuryStrategy Almost No More $ETH Available on Exchanges, Get Ready for a Price Explosion!
The crypto market is buzzing with a significant development: Ethereum reserves on exchanges have plummeted to historic lows, as shown in the latest data from CryptoQuant.
The chart reveals a sharp 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 sign of a potential supply shock, and experts are already predicting significant movements ahead. As exchange reserves decrease, institutions are stepping in with massive purchases, acquiring billions in $ETH.
This aggressive accumulation suggests strong confidence in Ethereum's future, likely driven by the anticipation of altcoin ETFs and the imminent breakout of Ethereum's all-time high (ATH). The ETH/BTC ratio is also skyrocketing, echoing previous bull cycle patterns, adding even more fuel to the fire.
ETHUSDT
Perp.
4,454.36
-3.97%
With so little $ETH available on exchanges, the stage is set for a price explosion. Analysts are keeping an eye on a potential rise to $10,000 as demand outstrips supply. As Google searches for “altcoins” hit new ATHs and market momentum increases, this could be the catalyst that ignites the next altseason. The future of $ETH looks bright, don't miss this crucial moment!
#CPIWatch #ETHTreasuryStrategy #cryptomanmab