Ethereum exchange reserves have fallen to their lowest level since 2016

Odaily reports that throughout 2024, the balance of Ethereum (ETH) on exchanges significantly decreased. The year started with 14 million ETH, and exchange reserves gradually reduced, falling below 12.5 million by late June and reaching a low point of around 11.7 million ETH in early August. This coincides with fluctuations in the price of Ethereum, swinging from around $4,000 in March to a significant drop in late July. (Cryptoslate)