In just the past week, more than $750 million worth of Ethereum has been withdrawn from major crypto exchanges. 

This trend often suggests that investors are opting for long-term holding rather than preparing to sell. According to CoinMarketCap data, the altcoin’s daily trading volume has also surged over 80%. 

Ethereum’s Exchange Reserves Keep Declining

Data from CryptoQuant highlights a steep decline in Ethereum’s exchange reserves, which have dropped from over $42 billion to about $38.9 billion recently. This movement reflects more than $4 billion in ETH being pulled off exchanges.

Read More: Ethereum (ETH) Price Prediction 2024/2025/2030

This reduced reserve of Ethereum on exchanges can tighten liquidity, which may stabilize or push prices up if buying demand holds steady. When fewer tokens are available for quick purchase, increased buying activity can more directly impact prices.

Ethereum has shown limited momentum in recent months. While the second-largest cryptocurrency by market cap lost nearly 6% in October, its largest competitor, Solana, experienced a 12% gain. 

The recent rise in Ethereum profit-taking also reached a two-m

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Author: Mohammad Shahid