ETH Price Set to Surge? Exchange Balances at 10-Year Low

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Ether has dropped 26% in the past month, and its supply on exchanges continues to shrink daily as more move into cold storage.

Ether’s supply on crypto exchanges has dropped to its lowest level since November 2015, leading some analysts to predict a major price rally despite recent bearish sentiment.

“Ethereum's holders have now brought the available supply on exchanges down to 8.97M, the lowest amount in nearly 10 years (November, 2015),” crypto analytics platform Santiment said in a March 20 X post.

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