The approval of spot Ether exchange-traded funds (#ETFs. ) in the US triggered a significant withdrawal of over $3 billion worth of #Ether from centralized crypto exchanges. This movement suggests a potential upcoming supply shortage, as investors transfer their holdings to self-custody. With exchange reserves decreasing and the percentage of circulating Ether on exchanges hitting a low, analysts anticipate Ether breaking its all-time high of $4,870, especially as demand pressure grows post-ETF approval.

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