Ethereum supply on crypto exchanges hits decade-low. Will ETH price recover?
Portfolio Pulse from
Ethereum's exchange supply has dropped to its lowest level since November 2015, with only 8.97 million ETH available. Despite this supply squeeze, ETH has plunged 47% from its December high. Factors impacting Ethereum include decreased mainnet activity, reduced fee revenue, and competition from layer-2 networks. Standard Chartered lowered its year-end price target from $10,000 to $4,000.
March 21, 2025 | 4:30 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ETH is experiencing technical resistance at $2,042 and lacks significant momentum. The 50-day moving average acts as a barrier, with potential price targets ranging from $1,714 to $2,370.
Low exchange supply hasn't translated to price appreciation due to reduced mainnet activity, lower fee revenue, and competition from layer-2 networks. Technical indicators suggest continued bearish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100