Ethereum ETFs Face Uncertain Demand Amid Record Low Exchange Balances
Bitcoin and Ethereum exchange balances have hit record lows, indicating a potential supply squeeze and significant price movements if key resistance levels are broken. Bitcoin is trading near $70,000, while Ethereum remains stable above $3,800. Despite reduced exchange availability, overall market supply remains high, suggesting potential price corrections if demand wanes. Technical analysis points to possible upward trends for both cryptocurrencies if they surpass critical price thresholds.