Ethereum has experienced a challenging month and a half, with its price nearing a 17-month low at $1,802 at the time of writing. Despite this ongoing downtrend, which nearly sent ETH into a bear market, key investors have remained optimistic. As Ethereum approaches these significant levels, many market participants believe that a price rebound could be on the horizon. Ethereum Investors Capitalize On Low Prices Ethereum’s supply on exchanges has dropped to a six-month low, indicating that investors are increasingly holding their assets off the market
source: https://beincrypto.com/ethereum-supply-falls-as-eth-price-declines/