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Ethereum price jumps past $2,300 as exchange reserves drop sharply amid rising institutional demand.

Market News
21 Aug 2026
Cointribune
View Source
Bullish
pluang ai news

Ethereum reserves on centralized exchanges have fallen by 1.15 million tokens (15%) over 11 weeks, driven by increased staking and corporate treasury holdings. This reduction in liquid supply, combined with a surge of $189 million inflow into U.S. Ethereum ETFs and positive regulatory signals from Washington, has pushed Ethereum's price above $2,300 for the first time since May. The shrinking exchange reserves create a tighter supply-demand balance, increasing price sensitivity and reducing selling pressure. The future price trend depends on continued ETF inflows and regulatory developments in the U.S.

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