Ethereum (ETH) Surges to $1,680 as Exchange Reserves Drop to Historic Lows

Key Highlights

Table of Contents

Ethereum gained 2.87% on June 11, 2026, closing at $1,680 following a strong late-session push.
Exchange reserves fell to an unprecedented low of 14.5 million ETH, according to CryptoQuant analytics.
More than 6 million ETH have exited exchanges during the last 2.5 years.
The Ethereum network’s daily active addresses have surpassed 1.3 million, exceeding prior bull cycle records.
Crypto analyst Ali Charts identified $700 as a possible long-term bottom zone based on the Ethereum Delta Price indicator.

Ethereum kicked off trading during the Asian session on June 11 at $1,628, before mounting a comeback that elevated the token to $1,680 by session close.

According to CoinMarketCap figures, ETH recorded a 2.87% increase during the 24-hour trading window. The session started with volatility, as prices temporarily slipped beneath $1,620 before stabilizing.

Following this dip, buying pressure emerged and propelled prices consistently upward. ETH broke through $1,640, subsequently surpassed $1,660, and then experienced a vigorous late-session surge that momentarily approached $1,690. The cryptocurrency concluded trading around $1,680, hovering near its daily peak.

This price movement coincided with Ethereum exchange holdings reaching their lowest point on record. CryptoQuant analytics reveal that only 14.5 million ETH currently remains on exchanges, a significant decline from approximately 20 million ETH throughout 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More than 6 million ETH has been withdrawn from exchanges since late 2023, as ETFs and corporate treasury buyers continue accumulating.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 momentum. CryptoQuant observed that “exchange reserves continue to decline at a fast pace.”

Exchange Holdings Reach Unprecedented Lows

Withdrawals have been documented across leading platforms such as Binance and Coinbase. Market participants have transferred ETH into staking protocols, self-custody solutions, and institutional reserves.

BitMine currently controls more than 5.5 million ETH following a $250 million funding round in 2025. SharpLink maintains 868,699 ETH within its corporate holdings.

In October 2023, exchange holdings stood at 21 million ETH. Subsequently, over 6 million ETH have departed from exchanges. Typically during market downturns, exchanges witness asset influx — yet this pattern has been absent.

Leon Waidmann, crypto researcher and head of research at Lisk, observed: “Whoever is buying here isn’t selling back.”

Ethereum Network Usage Reaches New Peaks

Beyond token valuation, the Ethereum blockchain is experiencing unprecedented utilization. Daily active addresses have consistently exceeded 1 million and recently climbed above 1.3 million.

By contrast, active addresses reached 720,000 in 2018 and 800,000 during the 2021 bull market zenith. Present figures substantially exceed both historical benchmarks.

Waidmann characterized this as a “powerful resurgence in network activity, climbing to record levels.”

Crypto analyst 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 accurately identified the previous two market bottoms. According to this analytical framework, a potential floor around $700 has been suggested — a threshold the metric highlights 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

At publication time, ETH was changing hands near $1,680.