According to @AltcoinGordon, the supply of Ethereum (ETH) on cryptocurrency exchanges continues to decline daily, indicating a tightening of available ETH for sale. Historically, reduced ETH exchange balances have correlated with bullish price action and potential for new all-time highs (ATH), as decreased supply can trigger upward price movements when demand increases (source: @AltcoinGordon, Twitter, May 23, 2025). For traders, monitoring on-chain ETH supply metrics is crucial for timing long entries and anticipating breakout price action. This trend may also impact altcoin performance and overall crypto market sentiment.

According to Santiment, Ethereum's exchange supply has dropped below 4.9% for the first time in over a decade, while Bitcoin's exchange supply has fallen to 7.1%, the lowest since November 2018. Over the past five years, there are 1.7 million fewer Bitcoins and 15.3 million fewer Ethereum tokens held on exchanges. This significant outflow from centralized platforms indicates reduced short-term selling pressure and rising investor preference for long-term holding, which are historically bullish on-chain signals for price action. Traders should monitor these trends closely, as lower exchange reserves often precede increased volatility and potential price surges in the cryptocurrency market (Source: Santiment, Twitter, May 19, 2025).