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Ethereum Exchange Supply Hits 10-Year Low—What’s Next for ETH Price?

  • The available Ethereum supply on centralized exchanges has fallen to its lowest point since November 2015 with only 8.97 million ETH out there.
  • Ethereum owners are increasingly locking their assets in staking protocols rather than leaving them on exchanges, resulting in a 16.4% decrease in ETH's exchange supply.
  • Ethereum's price has declined 47% from its December high, attributed to growing competition from Ethereum's own layer-2 networks and declining fee revenue.
  • One possible driver for Ethereum's potential rebound could be ETFs that include staking, but institutional demand for spot Ether ETFs remains tepid.

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