The price of Ethereum is seeing accumulation as exchange reserves decrease, leading experts to believe it could reach $10,000 in this cycle. Crypto Quant Exchange reserves data shows a decline in exchange holdings of ETH, indicating fewer tokens are on the trading market as more traders stake them. This decrease in reserves has historically led to price surges, and analysts predict Ethereum could move towards the $10,000 price target. The demand for Ethereum remains strong, with large holders and institutional investors owning a significant portion of the total supply. Strong institutional involvement and high transaction activity on the Ethereum network further support the positive outlook for Ethereum. If exchange reserves continue to decline and demand remains strong, Ethereum could experience another supply squeeze, potentially leading to higher prices.



Other News from Today