Ethereum is being massively withdrawn from exchanges
Currently, only 10.6% of the total supply of ETH is held on centralized crypto exchanges, which is the lowest level in recent years.
🟢After Ethereum approval
ETFs pulled $3 billion off exchanges on May 23, signaling a potential supply cut to come.
🟢Low exchange reserves mean that there is less ETH available for sale as investors move their coins into long-term storage.
This trend could lead to further growth and strengthen the bullish trend 🤝
