Ethereum on-chain signals point to buyer activity
- —Only 3.49% of ETH supply remains on exchanges, down another 1.16% since June 1
- —Priority fees rose 26.74% in 24 hours to roughly $464,000
- —ERC-20 stablecoin reserves on Binance climbed from $42 billion to $43.8 billion
- —About 35% of ETH is staked, with $53 billion deployed in DeFi
Why it matters: Shrinking exchange reserves and rising stablecoin balances reduce sell pressure and build potential buying power for ETH and the broader market.
Source: CoinSpot