The drop in Ethereum's price has led to exchange reserves reaching a record low over the past 10 years. This event has caught the attention of crypto whales and long-term investors alike.
Decline in Ethereum Reserves
As of March 21, 2025, Santiment reported that Ethereum reserves on exchanges have fallen to 8.97 million coins. This drop is the most significant over the past decade, indicating potential accumulation by crypto whales and long-term holders.
Current Price Momentum
Ether is trading near $1,960, a 0.50% drop in the past 24 hours. The trading volume has also fallen by 40%, indicating low activity among traders and investors amid market uncertainty.
Future Levels and Predictions
Despite negative sentiment, Ethereum shows signs of a bullish trend after breaking out of a lengthy consolidation phase. Technical analysis suggests that maintaining a level above $1,950 could lead to a 12% rise to $2,200 in the coming days.
The decline in reserves and current price trends of Ethereum present intriguing prospects for investors, suggesting a potential bullish development in the near future.
