Ethereum Shows Three Bullish On-Chain Signals as Buyers Stay Active
- —Only 3.49% of ETH supply remains on exchanges, down 1.16% since June 1
- —Priority fees rose 26.74% to $464,000 while gas usage grew just 0.26%
- —ERC-20 stablecoin reserves on Binance rebounded to $43.8 billion from $42 billion in August
- —About 35% of ETH is staked, with roughly $53 billion locked in DeFi
Why it matters: Shrinking exchange supply and rising fees point to persistent blockspace demand, though idle stablecoin reserves do not guarantee a price rally.
Source: BeInCrypto DE