June 24 (Cointime) - The balance of Ethereum held on exchanges has reached an all-time low, indicating reduced supply and a potentially bullish market. Additionally, there has been a surge in staking deposits since April's Shapella upgrade, with over 23 million ETH currently deposited in staking contracts. However, there has also been a surge in withdrawals from exchanges, which may be due to investor concerns over centralized exchanges. The technical charts suggest that if buyers can push above the resistance between $1,900 and $2,000, Ether could potentially reclaim $3,000.
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Ethereum's On-Chain Movements Indicate Bullish Pressure Building Around Ether
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