Ether Balance on Exchanges Hit Record Lows, Can It Trigger a Major Rebound?
Ethereum (ETH) continued to trade subdued for most of Thursday, extending its two-week-long price range amid market indecision.
Notably, since experiencing a sharp drop on February 3 and subsequently recovering, the second-largest cryptocurrency has been confined within a tight channel, with price oscillating between the $2,800 resistance level and the $2,500 support zone.
However, despite this weakness, something is brewing under the hood, an underlying shift that could trigger a major breakout for ETH.
One of the most notable developments in the Ethereum market is the sharp decline in the amount of ETH held on exchanges. According to crypto analytics firm Santiment, currently, only 6.38% of the total ETH supply remains on centralized trading platforms, marking the lowest level since the cryptocurrency’s inception.
“From a long-term perspective, ETH continues to move off of exchanges and into cold wallets at a shocking pace…Meanwhile, the community has been showing some renewed interest in crypto’s 2 market cap asset here in February.” The firm tweeted Tuesday.
Notably, approximately 4.36 million ETH has been withdrawn since early 2024, reducing selling pressure and setting the stage for a potential rally if demand increases.
Another bullish factor is the decline in Ethereum transaction fees. On Wednesday, Santiment highlighted that the average ETH transaction fee now sits at $0.41, significantly lower than the $15.21 high seen in the past two years. Lower fees indicate reduced network congestion, making Ethereum more accessible to new investors and developers and, in turn, strengthening ETH’s value.
Beyond exchange balances and fees, optimism surrounding Ethereum’s upcoming Pectra hard fork on April 8 is also surging. On Tuesday, analysts at QCP Capital noted that Ethereum upgrades often follow a “buy the rumor, sell the news” pattern. They highlighted how ETH’s price doubled before the 2022 Merger and surged 30% after Shanghai in 2023, suggesting that if history repeats, a similar upswing could unfold post-Pectra.
Some analysts argue that Solana (SOL), once a top Ethereum competitor, is losing credibility due to a series of meme coin scandals, including LIBRA, which could drive capital back to ETH.
“Solana’s narrative as the best chain for retail adoption has shifted to one of fraud and insider trading, The hate on Ethereum for UX, lack of interop, and social layer dichotomies has been progressing steadily in a stronger way than ever. Tides are shifting. Watch SOLETH as a barometer.” Rollup Ventures co-founder Andy said on Tuesday.
Ethereum was trading at $2,730.37 at press time, up 0.39% in the past 24 hours.

AI-Driven Success: How Truth Terminal Boosted the $GOAT Token
The $GOAT token’s recent rise in popularity is closely tied to the influence of an AI named Truth Terminal, developed by Andy Ayrey. Initially launched as a social experiment, Truth Terminal became an unexpected force in the crypto world, leveraging its sharp wit and edgy persona to draw attention to the token.
Truth Terminal began its journey by engaging with online communities, particularly through discussions about the infamous Goatse meme. Its unconventional and humorous approach quickly resonated with audiences, sparking widespread interest. Among its notable admirers was Silicon Valley billionaire Marc Andreessen, whose engagement added significant credibility to the project.
This surge in attention translated into real financial success for the $GOAT token, which saw an influx of investors intrigued by its unique backstory and marketing. The alignment of an AI-driven narrative with the token’s launch created a perfect storm, propelling $GOAT into the spotlight.
The case of Truth Terminal and $GOAT underscores the growing intersection of AI and cryptocurrency. By combining innovative technology with effective storytelling, the project demonstrated the potential of using AI to drive market trends and community engagement.
However, the reliance on viral marketing raises questions about the long-term sustainability of such tokens. While Truth Terminal has undoubtedly created a memorable moment for $GOAT, its future will depend on whether it can transition from a hype-driven asset to a meaningful player in the evolving crypto landscape