CryptoBearishBlockonomi · 3h ago6/10
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Ethereum Supply Shrinks as Price Holds Below SMA200
Ethereum's exchange reserves declined by 475,000 ETH between late May and June 7, 2026, signaling potential accumulation or reduced selling pressure. However, the cryptocurrency trades 31% below its 200-day simple moving average at $2,445, indicating sustained downward price pressure despite improving supply dynamics.
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