Ah, Ethereum. The once-dormant titan is waking up with a vengeance. In just a span of 24 hours, ETH has rocketed up by 8%, breaking the $2,540 barrier and sending its market cap sailing to a cool $307 billion. But here’s the real kicker: Ethereum’s supply on exchanges has plummeted to a historic low of 4.9%. Yes, you read that right. The lowest it’s ever been in a decade. Somebody get the champagne.
With fewer coins floating around on exchanges, some crypto savants are already whispering about a “supply squeeze” on the horizon. And if you’re the betting type, you might want to place your bets now – because some experts are predicting that Ethereum could surge all the way to $5,000. How delightful, right?
Let’s delve into the delightful mess, shall we?
Ethereum’s Exchange Supply: A Monumental Collapse
Hold on to your hats, folks. Ethereum’s supply on exchanges has dipped to an all-time low of just 4.9%. Let me paint you a picture: out of all the Ethereum in existence, less than 5% is currently lounging on the trading platforms, sipping cocktails. You see, over the past five years, a staggering 15.3 million Ethereum have been whisked away from exchanges. Where did they go, you ask? Oh, to cold wallets, institutional vaults, or perhaps under the mattress of some paranoid crypto enthusiast. They didn’t just vanish, darling. They’ve been tucked away for safekeeping.
LOOK: Ethereum’s supply on exchanges hits a mind-blowing LOW of 4.9% in its 10-year history. Meanwhile, Bitcoin’s exchange supply drops to a 7.1% low—big things ahead, folks!
It’s simple economics:
1) 1.7M $BTC & 15.3M $ETH have fled exchanges in 5 years
2) Hold on tight!— CryptoBusy (@CryptoBusy) May 20, 2025
Pair this stunning drop with the fresh wave of institutional interest via Ethereum ETFs, and voilà – we’ve got ourselves a textbook case of low supply and demand shooting up like a rocket.
Bitcoin is Watching, But Not Far Behind
But wait! Don’t think Bitcoin is sitting idly by. Bitcoin, too, is showing signs of a supply squeeze. Only 7.1% of the BTC supply is now sitting on exchanges, marking the lowest level since November 2018. For those of us who’ve been through a few cycles, we know what this means: history tends to repeat itself, and every major crypto bull run has been preceded by a supply crunch. The last time Bitcoin’s exchange supply was this low, it surged nearly 20 times over the next couple of years. Could this be déjà vu?
Ethereum’s Rally: Is $5,000 on the Horizon?
Now, let’s talk numbers. Ethereum has jumped a healthy 8% in just 24 hours, rising from $2,346 to around $2,537. But this little rally is no coincidence. Oh no, it coincides with a change in leadership at the Ethereum Foundation. New Co-Executive Directors, Hsiao-Wei Wang and Tomasz K. Stańczak, are now at the helm, with a fresh President to guide them. A new era has begun, and ETH might just be preparing to shine.
In case you missed it, Crypto Patel, the market wizard, pointed out a “Golden Cross” pattern on ETH’s 1-day chart. This is often a sign that a rally is coming – and if the stars align, ETH could soon be aiming for that $4,000 to $5,000 mark. How sweet would that be?
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2025-05-20 10:48