Ethereum: Despite declining trends, bullish hopes rise

ETH price hovered around $1,890, inching closer to the $1,900 price zone.

ETH supply on exchanges continued to decline, reaching a record low.

Ethereum [ETH] trended sideways for weeks and eventually slid. However, it has embarked on an upward trajectory, breathing new life into the market. Nevertheless, amidst this surge, the available supply of Ethereum on exchanges has been steadily dwindling, adding an intriguing twist to the unfolding narrative.

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