Падение резервов Ethereum: Веха на пути к потенциальному ралли Translation: Declining Ethereum Reserves: A Milestone on the Road to Potential Rally

The reserves of the second largest cryptocurrency by market capitalization on spot exchanges are dwindling. Expert CryptoMe from CryptoQuant believes this may signal preparations for a future price increase of the asset.

The primary reason for the outflow is new acquisitions. Investors are buying Ethereum and immediately transferring the coins to personal wallets for either non-custodial storage or staking. This behavior reflects a strong trust in the asset and long-term expectations.

Meanwhile, the price of the coin remains stable. Purchases balance out with sales, so the outflow of coins from exchanges has not yet impacted the quotes.

The analyst pointed out a pattern: in past instances of reserve declines, such situations often preceded market rallies. A reduction in supplies diminishes the availability of coins for sale and sets the stage for potential surges.

However, one key element is missing to initiate this rally—demand. CryptoMe emphasized that it is not a «supply shock» in the classical financial sense, but merely a decrease in liquidity on trading platforms.

The expert maintains a long-term bullish outlook for Ethereum. He cited the absence of recession and the ongoing easing of monetary policy by the Federal Reserve as conditions for growth.

The analyst also highlighted the metric of «realized price of accumulating whales.» He views a drop in quotes below this level as a buying opportunity for the asset.

A sharp decline in open interest in Ethereum has eased selling pressure and contributed to the stabilization of the cryptocurrency’s price around $4,000.

As of the time of writing, the asset is trading at $4,128.

It’s worth noting that analysts from QCP Capital have warned about the risk of Ethereum’s price dropping to $3,300.