neutral
Recently
Ethereum supply on exchanges drops to multi year low
Ethereum exchange reserves fell to an eight year low, pointing to reduced selling pressure as investors shift holdings into long term self custody wallets.
Ethereum exchange reserves have dropped to their lowest level in eight years, signalling reduced immediate selling pressure. On-chain data indicates investors continue moving ETH into self custody wallets. Analysts said falling exchange balances typically reflect long term holding behaviour. However, broader market weakness and macroeconomic trends may still cap price upside despite supportive on-chain supply signals at present.