Ethereum could be overflowing all the other cryptocurrencies at the moment, and Channel data show This is probably due to a series of rear accumulations. Ethereum recently rebounded $ 3,730, which in turn returned its price above the $ 3,800 mark and caused optimism that he could make another attempt at $ 4,000.
Interestingly, although this takes place, data from the cryptocurrency chain analysis platform show that whale wallets have regularly absorbed ETH’s offer throughout July to effectively push the supply of crypto to its lowest point in nine years.
Exchange reserves plunge at 2016 levels
Many fundamental technical and chain principles are currently queue for Ethereum, but the most notable development is perhaps the decline in Ethereum exchange reserves. The data on the chain show that the ETH held on centralized trading platforms has fallen at levels not seen since 2016, making it a new nine -year hollow. This drop in reserves is significant because it relays a reduction in the pressure of the sale above the demand that Ethereum is currently a witness.
As shown in the image of the graph below, the total reserve of Ethereum on exchanges has been free since the beginning of 2025.
Massive whales purchases show confidence
Ethereum exchange reserves are not content to fall by chance; they are actively drained by whales. According to data from the Lookonchain chain transactions, the main investors have bought ETH in recent weeks.
Since July 9, a total of eleven newly activated wallets have collectively accumulated 722,152 ETH, worth 2.77 billion dollars. Interesting, Lookonchain recently noted that three of These portfolios increased by 73,821 ETH additional, worth around $ 283 million. Another whale address, “0xf436”, retire 14.520 ETH worth around $ 53 million in exchanges in the last 9 hours.
Accumulation has been spread over many sources, Including Falconx, Kraken, Galaxy Digital OTC and Binance, with Falconx representing the three largest Wallet purchases to a wallet. One of these portfolios received more than 138,000 ETH, worth more than $ 531 million, between July 18 and 23.
Supporting upward perspectives is a major purchase by The Ether Reserve LLC, a branch of treasure management of the Ether machine. In a recent announcement linked to Ethereum’s 10th anniversary, the company revealed the acquisition of nearly 15,000 ETH, worth around 56 million dollars. This brings their total assets to around 334,757 ETH, with an additional $ 407 million allocated for other Ethereum purchases.
While more capital engages in the ethn in this way and with exchange reserves near historic stockings, The conditions of a rally The new peaks of all time seem to be set up. At the time of writing this document, Ethereum is negotiated at $ 3,485, down 5.5% in the last 24 hours.
Getty Images star image, tradingView.com graphic
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