Ethereum Supply on Exchanges Hits Eight-Year Low Amid Rebounding Prices

Ethereum’s supply on exchanges has reached an eight-year low, impacting market behavior. The cryptocurrency rebounded following a recent decline. Experts suggest that the decrease in exchange supply could indicate a trend of accumulation by holders. Ethereum’s diminishing supply on exchanges could signal a strategic accumulation, reducing potential selling pressure and hinting at a bullish outlook.

Source: CoinOtag