Ethereum’s reserves reach level 2023 – What happened last time?

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After a bleak outing in the first quarter of 2025, Ethereum’s prices performed well in the following three months. Despite the slowdown in prices in recent weeks, the highly acclaimed “Replace King” is far better than it was three months ago.

However, according to the latest link revelation, the status of Ethereum recently discovered seems to be in danger. Recent data suggests that ETH investors appear to be moving their tokens away from long-term storage rather than transferring them to centralized trading platforms.

Optimistic view on Eth Reserves with rising binance

In a QuickTake post on the crypto platform, Chain analyst Borisvest analyzed that the Binance reserves of Ethereum (through transaction volume) have been inflated over the past few weeks. According to crypto experts, the exchange now accounts for more than 4% of the total ETH cycle supply.

Cryptoliteracy data show that Ethereum reserves for financing have not increased to this level since May 2023. Typically, the flow of ETH tokens to a centralized exchange (usually providing trading services) indicates that assets are positioned as being positioned or sold to the open market.

Therefore, the recent surge in reserves in Ethereum is a bearish signal to the price of ETH as it signals about the imminent selling pressure. This means that this trend may exacerbate ongoing price corrections or trigger the start of a downward price transfer.

Source: CryptoQuant

However, based on this chain observation, Borisvest also paints bullish pictures for Ethereum prices. “If these ETH transfers are positioned before a potential rally and despite the increase in the reserves, the price can still indicate strong demand or strategic positioning of the whales,” analysts said.

Additionally, Borisvest mentioned that the last reserve of Ethereum reserves will rise to this level, with the price of ETH falling from $1,900 to around $1,600. However, this brief price correction was followed by a sudden rally in the upward aspect.

The Chain analyst also pointed out that there has not been any significant downward shift since the price of ETH, as Binance reserves began to rise, indicating Altcoin’s price elasticity. Ultimately, BorisVest urges investors to remain alert as these recent exchange movements could trigger the next move at Ethereum prices.

Ethereum price at a glance

As of this writing, the ETH token is worth approximately $2,516, reflecting a 0.4% increase in price over the past 24 hours.

The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured images from Istock, charts for TradingView

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