Ethereum Exchange Supply Hits Record Low of 3.49% Amid Price Rally

Key Facts

1Ethereum supply on exchanges has dropped to a new record low of 3.49%.

2ETH price gained 10% as the liquidity available for sale on exchanges tightened.

Ethereum supply on exchanges has dropped to a new record low of 3.49%. Benzinga reported that this tightening of available liquidity occurred alongside a 10% gain in the price of ETH, suggesting that holders are moving assets to private wallets or staking.

The historic reduction in exchange supply has reduced immediate sell-side pressure, supporting the recent price rally. While the trend indicates a potential supply crunch, some traders have warned of possible short-term technical corrections as liquidity remains thin on trading platforms.