Ethereum Supply Dry Up on Exchanges Hits $10 Year Low – Here’s What It Means
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ETH $ 2,476.65 (2.03%)
Ethereum’s exchange supply hits a 10-year low, triggering fears of a major squeeze.
Bitcoin’s exchange supply drops to 7.1%, mirroring pre-bull run conditions from 2018.
Looking at the Eth chart it has formed a Golden Cross pattern, with $5,000 price target ahead.
Ethereum is showing strong signs of a comeback. In the last 24 hours, ETH has jumped 8%, climbing above $2,540 and pushing its market cap to $307 billion. This sharp move comes as ETH supply on exchanges has dropped to just 4.9%, the lowest in its 10-year history.
With fewer coins available to sell, many believe a supply squeeze is kicking in. Some crypto experts say this growing scarcity could help push Ethereum to $5,000.
Let’s break it down.
Ethereum Hits Record-Low Exchange Supply
According to new data, Ethereum’s exchange supply has dropped to an all-time low of just 4.9%, the lowest level in its 10-year history. For context, this means that out of all the ETH in circulation, less than 5% is sitting on trading platforms.
Meanwhile, over the past five years, 15.3 million Ethereum have been moved off exchanges. These coins didn’t disappear, they’ve likely been transferred to cold wallets, long-term holdings, and institutional custody.
Combining that with a fresh wave of institutional demands in Ethereum ETFs. Suddenly, we’re looking at a classic case of low supply and rising demand.
Bitcoin Not Far Behind
Bitcoin is showing a similar trend. Only 7.1% of the BTC supply now sits on exchanges, the lowest level since November 2018. History shows that every major bull run in crypto has been preceded by this kind of supply squeeze.
The last time Bitcoin’s exchange supply was this low, it surged nearly 20x over the next couple of years.
ETH Eyeing a Bigger Rally
Looking at the Ethereum price, it has jumped 8% in the past 24 hours, rising from $2,346 to around $2,537. This recovery follows change in leadership at the Ethereum Foundation, where Hsiao-Wei Wang and Tomasz K. Stańczak were named Co-Executive Directors, along with a new President.
Meanwhile, crypto analyst Crypto Patel highlighted a “Golden Cross” pattern on ETH’s 1-day chart often a sign of a strong rally ahead. He predicts ETH could soon aim for $4000 to $5,000 if this trend continues.
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FAQs
ETH’s price surged recently due to a fresh leadership update at the Ethereum Foundation and a “Golden Cross” pattern on its 1-day chart.
As per our ETH price prediction 2025, the ETH price could reach a maximum of $5,925.
According to our ETH Price Prediction 2030, the ETH coin price could reach a maximum of $6,925 in 2025. ETH is expected to cross the $15,575 mark by 2030.