CryptoQuant data indicates that Ethereum reserves in exchanges have recently reached low levels, which could be a positive sign for Ethereum’s price. Analysts note that the decrease in exchange reserves started in 2021 and intensified in the bear market of 2022. However, this downward trend continues in the new cycle, albeit at a slower pace. The outflow of coins from exchanges can be a positive sign as it shows investors prefer holding in personal wallets typically used for long-term storage. Recently, the decrease in reserves has almost halted, reaching its lowest level since 2016, indicating a balance. This situation may be temporary, but currently, it seems that inflows and outflows have balanced. In contrast, Bitcoin continues to witness a net outflow from exchanges.
