Key Highlights
- ETH climbed 2.87% to reach $1,680 during June 11, 2026’s trading session.
- Exchange-held Ethereum plummeted to an unprecedented 14.5 million tokens, according to CryptoQuant analytics.
- More than 6 million ETH tokens have been withdrawn from trading platforms over the last 2.5 years.
- Ethereum network’s daily active addresses have surged past 1.3 million, eclipsing previous bull cycle records.
- Technical analyst Ali Charts identified $700 as a possible long-term support level using the Delta Price indicator.
On June 11, Ethereum kicked off Asian market hours at $1,628 before mounting a notable comeback that lifted prices to $1,680 by session close.
According to CoinMarketCap metrics, ETH delivered a 2.87% advance during the 24-hour trading window. The session started with volatility, as prices briefly slipped beneath $1,620 before discovering buying interest.
Market participants then drove the asset progressively higher. ETH breached $1,640, followed by $1,660, before an aggressive closing rally propelled it momentarily toward $1,690. The token concluded trading around $1,680, approaching its intraday peak.
This price movement coincided with Ethereum’s exchange inventory reaching its lowest point on record. CryptoQuant analytics reveal only 14.5 million ETH currently remains on trading platforms, declining from approximately 20 million ETH throughout the majority of 2024.
🚨ETHEREUM’S EXCHANGE SUPPLY JUST HIT AN ALL-TIME LOW
ETH held on exchanges has fallen to just 14.5m ETH, the lowest level on record.
More than 6 million ETH has been withdrawn from exchanges since late 2023, as ETFs and corporate treasury buyers continue accumulating. pic.twitter.com/BPIoxO0bDA
— Coin Bureau (@coinbureau) June 11, 2026
The withdrawal trend initiated around July 2025 and has maintained consistent momentum. CryptoQuant observed that “exchange reserves continue to decline at a fast pace.”
Historic Lows in Exchange Holdings
Withdrawals have been documented across prominent exchanges including Binance and Coinbase. Token holders have transferred ETH into staking protocols, self-custody solutions, and institutional treasuries.
BitMine commands more than 5.5 million ETH following a $250 million funding round in 2025. SharpLink similarly maintains 868,699 ETH within its corporate reserves.
Back in October 2023, exchange holdings stood at 21 million ETH. Since that time, over 6 million ETH have departed centralized platforms. Traditionally, market downturns trigger deposit surges to exchanges — yet this pattern hasn’t materialized.
Cryptocurrency researcher Leon Waidmann, serving as research director at Lisk, observed: “Whoever is buying here isn’t selling back.”
On-Chain Engagement Reaches New Peaks
Beyond pricing dynamics, the Ethereum blockchain is experiencing unprecedented utilization levels. Daily active user addresses have been exceeding 1 million and recently climbed above 1.3 million.
By contrast, active addresses reached 720,000 during 2018 and 800,000 at the 2021 bull market apex. Today’s engagement substantially surpasses both historical benchmarks.
Waidmann characterized this as a “powerful resurgence in network activity, climbing to record levels.”
Technical strategist Ali Charts shared on X that Ethereum is “entering what I believe could be one of the best long-term accumulation zones.” Ali Charts also referenced the Ethereum Delta Price indicator, which successfully identified the previous two market troughs. Utilizing this framework, a possible bottom near $700 has been suggested — a threshold the indicator designates as a significant accumulation opportunity.
Ethereum $ETH is entering what I believe could be one of the best long-term accumulation zones.
Here’s why I’m buying. https://t.co/nER4aqi0gr pic.twitter.com/ZmChCjq1Hb
— Ali Charts (@alicharts) June 11, 2026
As of this writing, ETH was changing hands near $1,680.
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