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Ethereum exchange reserves drop 475,000 ETH amid mixed signals on price momentum

Technical Signals
08 Jun 2026
Blockonomi
View Source
Neutral
pluang ai news

Between late May and June 7, 2026, Ethereum saw a significant withdrawal of 475,000 ETH from major exchanges, signaling a shift in supply possibly toward self-custody or OTC trades. Despite a bullish automated trading signal triggered by a spike in stablecoin inflows on Binance, Ethereum's price remained 31% below its 200-day moving average, reflecting weak upward momentum. Analysts caution that reduced exchange reserves alone do not guarantee price gains without sustained buying demand. Overall, market indicators show mixed signals, with limited confirmation of a bullish trend for Ethereum at this time.

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