Ethereum faces new challenges and opportunities. Exchange reserves have hit historic lows while ETF interest surges, indicating a potential for growth.
Ethereum Exchange Reserves Hit Historic Lows
On-chain data shows that Ethereum reserves on centralized exchanges have plummeted to 18.95 million ETH, marking the lowest level since July 2016. This significant decline suggests a potential supply shock as more investors move assets into self-custody.
Ethereum ETF Demand Skyrockets
Institutional demand for Ethereum ETFs has surged dramatically, with February seeing inflows of 145,000 ETH, a 700% increase from January. Total ETF holdings have now reached $3.15 billion, underscoring institutional confidence in Ethereum’s market position.
Technical Analysis: Can Ethereum Rally Further?
Despite a 35% decline from its November 2024 peak, technical analysis shows bullish signals for Ethereum. Breaking through $2,800 could trigger the liquidation of $822 million in short positions, potentially sparking further rally. Analysts see surpassing $4,600 as crucial for confirming a sustainable uptrend.
As Ethereum navigates these shifts, investors are closely watching regulatory impacts and DeFi competition. Turkish NY Radio continues to monitor these trends for timely updates.
