<ul><li>Ethereum and Bitcoin are experiencing historic lows in supply on exchanges, with Ethereum at under 4.9% and Bitcoin at 7.1%, signaling a shift towards holding assets in private wallets or DeFi platforms.</li><li>Bitcoin's exchange supply has decreased by 1.7 million BTC over the past five years, while Ethereum has seen 15.3 million ETH moving off exchanges.</li><li>Despite favorable supply dynamics, Ethereum's price action has been range-bound recently, trading between $2,300 to $2,580, with major support at $2,100 and resistance at $2,800.</li><li>Traders are cautious due to the lack of a clear breakout from the current range, with attention focused on potential signs of a breakout and the impact of the low exchange supply on future price movements.</li></ul>

Ethereum and Bitcoin Supply on Exchanges Hits Historic Lows as Price Action Remains Range-Bound

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