Ethereum’s Binance reserves fell to approximately 3.74 million ETH, marking their lowest level in three months, while total reserves across major exchanges hit a multi-year low of approximately 14.88 million ETH. Simultaneously, a record 43.1 million ETH was staked, representing 35.9% of the circulating supply, further limiting the liquidity immediately available for trading. At the time of analysis, ETH traded around $2,473, holding the $2,372 support but stalling near the $2,540 resistance area. Binance top traders maintained a long bias with a Long/Short Ratio of 1.44, but the tightening supply structure alone did not guarantee higher prices without sufficient demand.
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