Ether’s price surges to $4,792, up 45% from August low. Bull flag pattern suggests potential 34% gain to $6,100. ETH supply on exchanges drops to 12%, lowest since 2016, signaling long-term accumulation. Analysts predict institutional demand could push Ether’s price to $12,000-$30,000. Over 35.7 million ETH staked, reducing sell-side pressure.

Read more at Cointelegraph: ETH Supply Squeeze Imminent As Exchange Supply Falls