币界网报道：Institutional investors have withdrawn over 230,000 ETH (worth approximately $230 million) from exchanges in the past week, signaling strong accumulation and a bullish outlook for Ethereum. Data from CryptoQuant reveals a significant drop in ETH exchange reserves, hitting levels not seen since July 2016. Analysts suggest this trend indicates long-term holding strategies by major players, reducing immediate selling pressure. Despite recent market volatility, Ethereum's price has shown resilience, trading above $1,000. The withdrawals align with growing institutional interest in ETH staking ahead of the upcoming Shanghai upgrade, which will enable withdrawals of staked ETH, further boosting confidence in the network's long-term viability.