Altcoins News
By Evie Vavasseur
1 / 15
Ethereum (ETH) is showing signs of a potential bullish setup as outflows from major exchanges accelerate, particularly from Binance, signaling a tightening supply that could…
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ETH Price Remains Stable Amid Exchange Supply Decline
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After reaching $4,956 on August 23, ETH has been oscillating between $4,200 and $4,500. While the price has shown little directional movement during this period, data from…
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The decline in ESR indicates that investors are increasingly withdrawing ETH from exchanges and moving it into self-custody wallets.
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The Binance Supply Ratio measures the proportion of ETH held on Binance relative to total circulating supply. Historically, lower ESR levels often precede upward price movements.
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Arab Chain, a contributor at CryptoQuant, notes that the combination of declining ESR, stable ETH price, and continued inflows from exchange-traded funds (ETFs) signals a supply…
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Several indicators suggest Ethereum could be entering a new institutional-led bull cycle:
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Reduced Leverage in ETH Markets: The drop in leveraged positions indicates that speculative pressure has eased.
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Neutral Funding Rates: Most perpetual futures markets for ETH are showing neutral funding rates, suggesting a balance between long and short positions.
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Lower Whale Selling: On-chain activity by large ETH holders has slowed, implying that whales are holding rather than distributing their assets.
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Additionally, Ethereum’s fundamentals remain strong. Over 36 million ETH has been staked on the network, which not only reduces circulating supply but also signals confidence in…
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The acceleration of ETH withdrawals from Binance is particularly noteworthy. As ETH leaves centralized exchanges, fewer coins are available for immediate trading.
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Moreover, ETF inflows continue to support market stability. Ethereum ETFs allow investors to gain exposure without directly holding ETH, increasing demand while reducing direct…
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From a technical perspective, ETH remains comfortably above key support levels, including the 100-day Exponential Moving Average (EMA).
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Some experts highlight that if the Binance Supply Ratio continues to fall below pre-June levels, ETH may experience a supply shock.
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