Ethereum held on exchanges has dropped to about 16.2 million ETH, the lowest since 2016, indicating reduced selling pressure. Binance's ETH reserve also declined notably this month, suggesting investors prefer long-term holding over trading. Historically, such declines in exchange reserves precede medium- to long-term price gains for ETH.
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[IMPORTANT] Ethereum Exchange Reserves Hit 8-Year Low, Hinting at Potential Long-Term Price Upside
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