Ether price eyes $3K as exchanges’ ETH balances drop to an all-time low

On-chain data and ETH price charts are beginning to hint at a possible rally to $3,000.

Ethereum’s on-chain movements indicate bullish pressure building around Ether as its exchange balances reached an all-time low and staking deposits keep surging.

Ether’s (ETH) technical charts suggest that the asset can reclaim $3,000 if buyers are able to push above the resistance between $1,900 and $2,000.

ETH held on exchanges hits an all-time low

Exchange balances for ETH reached a new low of 12.6%, dropping sharply in the last 30 days, according to Glassnode data. Reduced supply on exchanges is usually a bullish sign, as it means fewer tokens are readily available for selling.#BinanceTournament #googleai #BRC20 #pepe #crypto2023