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Ethereum Exchange Reserve Hits New All-Time Low — Bullish For ETH Price?

  • Significant amounts of Ethereum have been flowing out of cryptocurrency exchanges in the past few weeks, suggesting a decline in the Ethereum Exchange Reserve metric.
  • Ethereum whales have been accumulating more ETH, with over 120,000 ETH tokens purchased by whales in the last 72 hours.
  • The Ethereum Exchange Reserve has hit a new all-time low, indicating increased allocation to self-custodial wallets and potentially leading to a supply crunch.
  • This decline in Ethereum supply on centralized exchanges could act as a catalyst for ETH's price recovery.

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