Ethereum Exchange Supply Drops 1M $ETH as Investors Accumulate


Over 1 million $ETH has been withdrawn from centralized exchanges in the past month.


This represents 5.5% of the total #Ethereum held on trading platforms.

Exchange balances fell from 18 million $ETH to 17.09 million between April 6 and May 13.


The price of $ETH surged 69% during this period, from $1,580 to over $2,670.


Lower exchange supply typically indicates reduced selling pressure and increased long-term holding.


The withdrawal trend suggests investors are moving funds to private wallets for #DeFi or storage.


Currently, $ETH is trading at around $2,679, with support at $2,571 and resistance at $2,670.

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May 18, 2025 at 11:33 PM
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