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Ethereum buying surges with $1B demand as supply on exchanges drops, signaling strong spot-led accumulation.

Market News
29 Aug 2026
AMBCrypto
View Source
Bullish
Ethereum buying surges with $1B demand as supply on exchanges drops, signaling strong spot-led accumulation.

Ethereum has seen significant buying activity recently, including a $13.55 million whale purchase and 40,000 ETH moved from Binance worth over $100 million. Institutional interest is strong, with BlackRock's ETHA ETF accumulating nearly $890 million over eight days. Meanwhile, ETH reserves on exchanges have dropped to 14.93 million, reducing available supply. U.S. spot demand is rising, indicated by a positive Coinbase Premium Index, while leverage remains controlled. This spot-driven buying suggests a healthy accumulation phase, though rising leverage could pose future risks.

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