<ul><li>The Ethereum Exchange Supply Ratio, a metric tracking the ratio between ETH's Exchange Reserve and total supply in circulation, has remained flat at 2016 lows.</li><li>A decline in the Exchange Supply Ratio suggests a net amount of supply is exiting exchanges, potentially indicating a bullish trend for ETH.</li><li>Despite Ethereum's price appreciation, the Exchange Supply Ratio has remained balanced, indicating that investors are holding onto their coins.</li><li>Reversals to the upside in the Exchange Supply Ratio could suggest the start of a sell-off and the end of the Ethereum bull run.</li></ul>

Ethereum Bullish Signal: Exchange Supply Locked At 2016 Levels

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