Ethereum’s supply decreases by 83% – will ETH reach 4,200 USD if this occurs?

Ethereum’s reserves have fallen significantly, with the Exchange Supply Ratio dropping to 0.032. This reflects strong long-term holding behavior, indicating reduced selling pressure.

Outflows over 200 million USD highlight renewed bullish sentiment. Funding rates rising by 83% show strong long trader confidence, while the improving RSI suggests potential momentum toward resistance levels.