- Ethereum exchange supply hits historic low: Less than 9 million ETH now sits on exchanges, the lowest in nearly 10 years, as holders move funds into DeFi and staking platforms—potentially reducing sell pressure.
- Price struggles despite supply drop: ETH failed to maintain momentum above $2,000 and has lost over 55% from its local peak, currently trading well below early November levels.
- Market dominance fading: Ethereum’s share of the total crypto market has dropped from 22% to under 9%, raising questions about whether a supply squeeze can reignite a sustained rally.
So here’s the thing. One of the sneakiest metrics in crypto that barely gets enough attention? The amount of a coin sitting on exchanges. Seriously—this can tell you a lot about where the price might be headed next.
Think about it: when more tokens are chilling on exchanges, that usually means traders are getting itchy fingers, ready to sell at the first sign of volatility. Selling pressure piles up. One sell leads to another. The dominos fall.
But the reverse? When fewer tokens are sitting on exchanges… that’s a whole different story. It means people are planning to hold—maybe for months, maybe years. Less supply = less dumping = higher potential for price to breathe and move up. That’s where things get interesting.
And guess what? Ethereum is kinda doing exactly that right now.
ETH Supply on Exchanges Just Hit a 10-Year Low
According to the folks over at Santiment, the amount of ETH held on exchanges has dropped to under 9 million coins. That’s right—less than 9 million, the lowest it’s been in nearly a decade.
To put that in perspective, that’s a 16% drop from what it was just seven weeks ago. Instead of leaving their ETH on centralized exchanges, investors are moving their coins to DeFi platforms and staking protocols. Basically, they’re locking it up instead of keeping it liquid.
Less available ETH means any sudden spike in demand could send the price flying. But… will it?
ETH Could Use a Win Right Now
Let’s not sugarcoat it—Ethereum’s been having a rough go lately.
Back in late 2024 and early 2025, ETH flirted with the $4,000 mark. People got hyped. It looked like the breakout was finally here. But nope. No new all-time high. Instead, it got smacked down hard.
Just last week, ETH dropped to $1,750. That’s a brutal 55% loss from its local peak. Ouch.
Sure, it bounced back above $2K earlier this week—but that move didn’t last long either. Now it’s just kind of… drifting. Stuck below that $2,000 resistance. Again.
And here’s the kicker: ETH’s market dominance has taken a beating. Back in early 2024, it was over 22%. Today? Under 9%. It’s been slipping behind coins like SOL and BNB. Even meme coins have had their moments in the spotlight lately.
So… What’s Next?
With exchange balances this low, ETH’s got a shot at something big—if demand picks up. This kind of supply squeeze has triggered big moves in the past.
But crypto’s still a sentiment game. The question is: will investors care enough to buy the dip, or are they waiting for the next shiny altcoin to make waves?
ETH might be down, but it’s far from out. Keep an eye on that $2K level. If it breaks clean and volume pours in… well, don’t be surprised if ETH comes roaring back.
