NewsBTC
Mar 22, 2025
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Ethereum Supply on Exchanges Drops to Lowest Level Since 2015

1 min

The supply of Ethereum on exchanges has dropped to 8.97 million ETH, the lowest since November 2015. This decrease coincides with a 45% decline in Ethereum's price from its December high.

Key Points

  • Declining Ether volume indicates holders are moving assets away from exchanges.
  • Factors contributing to this trend include increased interaction with decentralized finance (DeFi) protocols and staking activities.
  • Despite lower exchange supply, Ethereum's price fell to approximately $1,899 as of March 21.
  • Standard Chartered revised its year-end price target for Ethereum down to $4,000 from $10,000, citing competition from layer-2 networks.
  • Potential recovery could stem from the introduction of staking ETFs, which may attract institutional investment.