The post Ethereum’s Exchange Supply Drops To New Lows As ETH’s Price Closes Another Bearish Month appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With the broader crypto market’s renewed bullish condition, Ethereum is beginning to demonstrate robust upward movements as it hovers near the pivotal $1,900 level. Following the recent bullish performance, investors and traders are choosing to hold onto their coins, as indicated by a sharp drop in ETH’s exchange reserves. Exchanges Ethereum Reserves Drop Sharply Ethereum’s price has picked up its pace once again, reclaiming above $1,800 amidst favorable market conditions. During the positive period, investors appear to have been withdrawing ETH from major exchanges, especially Binance, the largest crypto exchange. Kyle Doops, the host of the Crypto Banter show, revealed the shift in investor sentiment toward ETH after investigating the Ethereum Exchange Supply Ratio metric on the Binance exchange.  This drop in exchange reserves indicates that investors are increasingly putting ETH into long-term or cold storage, lowering the quantity that is easily accessible for trading. It also reflects investors’ strong conviction in the altcoin‘s long-term prospects as the bull market progresses. ETH exchange reserves see a descent | Source: Kyle Doops on X Data shared by Kyle Doops in the X post shows that Ethereum is quietly tightening on exchanges, with its available supply plummeting sharply to the lowest levels in weeks. Over time, these supply reductions have often come before price increases, fueled by the dynamics of growing demand and scarcity. According to the expert, ETH leaves crypto exchanges, causing selling pressure to drop and tightening supply when this happens, which leads to price squeezes in the near term. As Ethereum’s exchange supply reduces, Kyle Doops claims that the Binance platform is the liquidity hub. ETH’s Uptrend Unable to Halt Bearish Streak Since the development often signals potential upward surges, this implies that Ethereum’s price might…

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Filed under: News - @ May 3, 2025 12:22 am