🚨 #Ethereum Exchange Supply at 8-Year Low! What’s Next for ETH Price?

Ethereum just hit a milestone that hasn’t been seen since 2016 the amount of ETH sitting on exchanges has collapsed to just 14.8M ETH, according to Glassnode. That’s only 0.14% of total supply, the lowest level in 8 years.

📉 Short-Term Pain

ETH recently fell below $4K, failing to hold its August breakout. Traders are feeling the heat with weak price action and liquidations piling up.

🏦 Institutional Grab

But behind the red candles, whales and institutions are stacking ETH hard. Exchange balances have dropped 20% since mid-July, signaling coins are being moved to cold storage, staking, and DeFi protocols.

🔑 Why This Matters

Less ETH on exchanges = less immediate selling pressure.

More ETH locked/staked = stronger supply shock potential.

Historically, supply drain events have preceded major rallies.

⚔️ The Big Question

Are we just watching a temporary bearish dip… or is ETH quietly setting up for its next leg toward $5K+?

👉 Where do you see ETH heading in Q4 pump or more pain?

#AltcoinStrategicReserves #DogecoinETFProgress #MarketPullback