{"content":"📉 Ethereum Exchange Reserves Plunge — Whales Are Loading Up Ethereum price rises after retesting $3,730 daily support, maintaining chances of $4,000. On-chain data indicates ETH whale wallets continuing to acquire ETH tokens while exchange reserves reach a 9-year low. Ethereum's 10th birthday saw Ether Machine's subsidiary buy over 15,000 ETH. After rebounding off a critical support level the day before, Ethereum (ETH) traded over $3,800 on its 10th anniversary. On-chain data reveals whale wallets accumulating ETH tokens in July, while exchange reserves hit a 9-year low. This supply shortage and increased institutional and corporate demand might push prices beyond $4,000. Ether Machine adds 15,000 ETH The Ether Machine, an ether creation firm, said on Wednesday that its subsidiary, The Ether Reserve LLC, acquired almost 15,000 ETH at $3,809.9, totaling $56 million, on Ethereum's 10-year anniversary. The Ether Machine increased its long-term accumulation to 334,757 ETH with this buy. The company stated it can buy more ETH with $407 million. Institutional demand is growing, although less than in July. SoSoValue data shows that US spot Ethereum ETFs saw a slight inflow of $5.79 million on Wednesday, maintaining their trend of positive flows since July 3. In July, monthly flows hit $5.14 billion, their highest level since debut. As of Thursday, CryptoQuant statistics show exchange ETH reserves at 18.7 million, continuing the fall from early July 2024. Reserves are at their lowest level since 2016, suggesting weaker investor selling pressure and trade supplies. Ethereum price rejected just below its $4,000 psychological mark on Monday and fell slightly to $3,730 the following day. ETH recovered Wednesday after retesting this support level. Trading over $3,800 on Thursday, it continues to rebound. The daily support at $3,730 might help ETH reach its psychological $4,000. A closing over this level might extend advances to $4,488, the December 9, 2021 high. ETH might drop below $3,500 if it corrects and closes below $3,730, the daily support. #ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/31/9087bf4618fb39e5b1e8644bc42a53f8.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}