Ethereum Supply Dries Up on Exchanges as Leverage Spikes—Bullish Signs for ETH?

Leading altcoin Ethereum has noted a 9% uptick in the past week as the broader cryptocurrency market attempts a recovery from recent lows.  While the rally is partly fueled by the gradual resurgence in the general market’s bullet sentiment, two key on-chain metrics suggest that ETH’s momentum could strengthen further. ETH’s Supply Hits Yearly Low While Traders Bet Big On-chain data reveals that ETH’s exchange reserve has dropped to its lowest level this year. As of this writing, the metric stands at 18 source: https://beincrypto.com/eth-supply-drops-reserve-declines/