Based on Santiment- crypto analyst reports, Ethereum’s supply on exchanges notches down to a 28-month low during 1,800 ranging, which means that the percentage of ETH has dipped over 20%. However, due to increased institutional purchase, ETH now shows an uptrend with 0.3% gains after a negative performance week. If the cryptocurrency manages to stay above the current level, it could gain more momentum and go after resistance at $1,850.