Ethereum's Binance Reserves Plummet to 3-Month Low

Ethereum's Binance reserves have hit their lowest level in three months, dropping to approximately 3.74 million ETH.

This decline is part of a broader reduction in exchange-held Ethereum, with total reserves across major exchanges hitting a multi-year low of around 14.88 million ETH.

The lower reserves are limiting the immediately available supply for trading, which could reduce potential selling pressure and make Ethereum more sensitive to sustained buying pressure.