Ethereum Supply Drops as Investors Flock to Staking

Ethereum supply on exchanges has seen an unexpected drop of 18% following a 27% price rally. This trend is unusual, as investors have withdrawn approximately 1.4 million ETH from exchanges since June. As the price reached $2,528, Ethereum holders are moving their coins to staking rather than selling them.

Unlike Bitcoin, which remains stable on exchanges, Ethereum's scarcity on trading platforms could accelerate its price gains if buying pressure increases. However, ETH still faces resistance near $2,600 to break its bearish trend.