Ethereum exchange reserves fall by 475,000 ETH as downtrend persists into June 2026

Four major exchanges saw their combined Ethereum reserves decline by 475,000 ETH from late May through June 7, 2026, pointing to a coordinated move off venues. On May 14, 2026, an automated model turned 100% bullish after a Binance stablecoin-deposit Z-Score hit +1.21σ, even as ETH stayed 11.7% below its active Death Cross and 31% under its 200-day SMA at $2,445.