#ETH🔥🔥🔥🔥 $ETH $ETH #bitcoin $ETH The recent approval of Ether exchange-traded funds (ETFs) in the US has caused over $3 billion worth of Ether to leave centralized crypto exchanges, hinting at a possible shortage of Ether in the market. Data from CryptoQuant and Glassnode shows a significant decrease in the amount of Ether available on exchanges, with only about 10.6 percent of Ether currently circulating on these platforms. Analysts predict that the launch of Ether ETFs could drive up demand for Ether, potentially pushing its price beyond its previous all-time high. Unlike Bitcoin, which faces selling pressure from miners, Ether might benefit more from increased demand because Ethereum validators don't have the same expenses. However, there's also concern that the Grayscale Ethereum Trust, managing $11 billion, could affect Ether's price similarly to how the Grayscale Bitcoin Trust did after approval.