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Ethereum price rises 2.87% to $1,680 amid record low exchange supply of 14.5M ETH

Market News
11 Jun 2026
Crypto news
View Source
Bullish
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Ethereum's price climbed 2.87% to $1,680 after a late-session rally, recovering from earlier losses below $1,620. This upward trend coincides with Ethereum exchange reserves dropping to a record low of 14.5 million ETH, driven by increased staking, private wallet holdings, and corporate treasury accumulation. The reduced supply on exchanges limits immediate trading availability, potentially supporting price strength. Continued outflows from major exchanges like Binance and Coinbase suggest sustained investor confidence in holding rather than selling Ethereum.

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