<ul><li>Ethereum's reserves on Binance have dropped by nearly 300,000 ETH in just one month, leading to discussions around a potential supply shock and scarcity narrative.</li><li>Possible reasons for the decline in Binance's ETH reserves include investors transferring ETH to cold wallets, engaging in DeFi protocols, or institutional activities like OTC deals, private investments, or staking.</li><li>Data suggests that ETH may be gearing up for a significant rally, with ETH whales not engaging in significant profit-taking and analysts predicting ambitious price targets like $12,000 later this year.</li><li>Ethereum's recent Pectra upgrade is expected to strengthen the network's performance and security, while current price stands at $2,541, showing a 2.2% decrease over the past 24 hours.</li></ul>

Binance’s Ethereum Reserves Drop By Nearly 300,000 ETH In A Month – Is A Massive Rally Coming?

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