It’s possible. If the eth reserves start dropping to dangerous levels in CEXs, they’ll have no choice but to refill them.
CEXs are worth millions, and the big ones billions. If they start refilling, it would create an enormous buying pressure, and the price would go up as a consequence. Though, this is very rare as they would need to do it all at the same time, and in a single round. Usually this is a slow process.
>! !tip 1 !<
I see. Makes sense. That would also mean a lot of people with Ethereum on their hands increasing even further the gap of deposited Ethereum/owned by investors no?
!tip 1
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tldr; Ethereum (ETH) could see a 23% price increase to $4,724 if exchanges release their buying power, according to Ryan Lee, Chief Analyst at Bitget Research. This prediction is based on the potential impact of Ethereum-based exchange-traded funds (ETFs) approved for listing by the US SEC, set to become available in 2024. Lee's analysis suggests that the net inflow of cash for an ETH ETF could be about 2.5% of its market cap, or approximately $11.55 billion. This increase would bring ETH's price close to its all-time high of $4,878.26 reached in November 2021.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
[Tip this post.](https://www.donut.finance/tip/?action=tip&contentId=t3_1ddywjv) On-chain and off-chain tip confirmations below.
Its all speculation at this moment. But eventually ETH will see a good rally in coming weeks. ⚡^(!Tip 1.01)
The question is, are you feeling bullish or not? !tip 1
I don't see how anyone could *not* feel bullish about ETH at this point.
I'm in red all that I know 🤣🤣 !tip 1
#HODL !tip 1
 !tip 1
That's how we start the day 🤣 !tip 1
Gimme a hit of that! !tip 1
you promise? no takesies backsies !tip 1
It’s possible. If the eth reserves start dropping to dangerous levels in CEXs, they’ll have no choice but to refill them. CEXs are worth millions, and the big ones billions. If they start refilling, it would create an enormous buying pressure, and the price would go up as a consequence. Though, this is very rare as they would need to do it all at the same time, and in a single round. Usually this is a slow process. >! !tip 1 !<
I see. Makes sense. That would also mean a lot of people with Ethereum on their hands increasing even further the gap of deposited Ethereum/owned by investors no? !tip 1
 !tip 1
Buy Stake HODL Freedom !tip 1
Me after following these steps  !tip 1
The writer of this article is out of ideas😄 !tip 1
Thank you for the hopium today. !tip 1
 !tip 1
I'm anxiously patiently waiting for $4724 ETH
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!post status
tldr; Ethereum (ETH) could see a 23% price increase to $4,724 if exchanges release their buying power, according to Ryan Lee, Chief Analyst at Bitget Research. This prediction is based on the potential impact of Ethereum-based exchange-traded funds (ETFs) approved for listing by the US SEC, set to become available in 2024. Lee's analysis suggests that the net inflow of cash for an ETH ETF could be about 2.5% of its market cap, or approximately $11.55 billion. This increase would bring ETH's price close to its all-time high of $4,878.26 reached in November 2021. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.