According to CoinMarketCap data, Ethereum's price broke through $1680 during Asian trading hours today, a 2.87% increase from the opening price of $1628. During this period, the exchange supply of Ethereum dropped to 14.5 million ETH, a record low. Since the end of 2023, over 6 million ETH have been withdrawn from exchanges, primarily flowing into staking contracts and private wallets. Market analysis shows that despite early price pressure, Ethereum gradually recovered after a brief pullback and remained around $1660 in midday trading.