Ethereum Exchange Withdrawal Activity Surges As Balances Drop To New Lows, ETH’s Rally At Hand?

After delving into the Ethereum Exchange Reserve metric, Merlijn The Trader highlighted that the overall ETH reserves have reached a new multi-year low.  The development suggests that supply is bleeding out and demand is heating up. According to the crypto expert, such movement of coins is how parabolas begin, suggesting that ETH might be nearing its parabola point.

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