Ethereum Supply Drops
Ethereum Exchange Supply Hits Record Low As Staking And DeFi Activity Grow
Anonymous
Ethereum’s share of supply held on tracked exchanges has fallen to a reported record low of 3.49%, after 1.16% of total supply moved off platforms since June 1. Reports attribute the shift in part to staking—about 35% of ETH supply is staked—and decentralized-finance activity, with roughly $53 billion locked in DeFi; long-term holders and large treasury firms are also contributing. Network-use indicators remain firm, suggesting on-chain demand has persisted despite the decline in exchange balances. The reduced exchange supply may limit immediately available trading liquidity, but it does not guarantee higher prices, since withdrawn ETH can be moved back to exchanges and market direction depends on demand as well.
Key Points
1
BitMine had staked more than 5 million ETH, illustrating the scale of corporate treasury holdings being committed to staking rather than kept immediately available for trading.
2
CryptoQuant put Ethereum Gas Used near 217.1 billion, up 0.26%, while Priority Fees reached about $464,000, a 26.74% daily increase; Blocks Mined remained nearly unchanged at about 7,147.
3
CryptoQuant identified $2,600–$2,650 as an important support range and said ETH could move back toward $2,700–$2,800 if that level held and network activity stayed elevated; the article emphasized that this was a conditional scenario.
4
Coin Edition reported that ETH would need a sustained break above $2,920 to strengthen a technical path toward $3,400, while noting bearish divergence between higher price highs and lower daily RSI highs.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
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