Ether (ETH) reserves on exchanges are continuing to decline despite being at historic lows. This trend indicates a supply shortage of ETH across major trading platforms following the release of an Ethereum 2.0 deposit wallet for staking.
As Cointelegraph previously reported, staking neared $4 billion in January, leading to around 2% of ETH’s supply being locked in the Eth2 deposit contract.
The low supply of ETH on exchanges should decrease the overall selling pressure on the asset, especially…
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