🚨 ETH ON THE EDGE OF DRYING UP… BUT DON’T RUSH TO SHOUT “SUPPLY SHOCK” 🤣

Right now, the amount of $ETH on exchanges is still around 15.5 million ETH—its lowest level in many years, down about 38% from the peak of 25.2 million last seen in May 2023.

If you hear this, a lot of fellow brothers think:
“ETH is about to run out!!! 🚀🚀🚀”
Hold on… 😭
Because from 9/2025 → 6/2026, ETH has also been continuously withdrawn from exchanges.
So what’s the result?
$ETH has dropped at times—from roughly $4,850 down to about ~$1,550.

👉 So:
ETH leaving exchanges ≠ ETH is definitely going up.
It only shows that the amount of ETH sitting on exchanges for trading is decreasing. The price direction still needs other factors.
But this time there’s one more noteworthy point 👀
MVRV just crossed above the 160-day MA at the end of August, ending roughly 9 months of negative momentum.

In plain terms:
📉 Before:
“Running out of supply, but price still punches.”

📈 Now:
“Running out of supply + MVRV starts to change direction.”

ETH is currently around $2,464, holding above the Fibonacci 0.618 area near ~$2,439.
If this zone holds, the structure is still worth monitoring.
But if it breaks…
$1,980 could become the next notable support zone.

In summary:
ETH: “I’m running out of supply.”
Brothers: “So are we mooning?”
ETH: “I said I’m running out of supply—did I promise an increase?” 🤣

What’s notable this time isn’t just that there’s less ETH on exchanges, but that MVRV is also shifting in a more positive direction.
Whether it turns into a big run or not…
The market is the one that gives the final score. 👀

Personal perspective only, not investment advice. Crypto is highly volatile—brothers, be cautious.