Ethereum's Exchange Supply Hits Lowest Level Since November 2015
According to Santiment, the available supply of Ethereum on exchanges has decreased to 8.97 million, marking the lowest level since November 2015. This reduction equates to a 16.4% decrease in Ethereum on exchanges compared to seven weeks ago, driven by the popularity of DeFi and staking options. This trend suggests decreased selling pressure, which could impact Ethereum's price dynamics positively.
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On March 20, 2025, Ethereum's available supply on exchanges reached a decade-low of 8.97 million ETH, a figure last seen in November 2015, as reported by Santiment. This significant reduction reflects a 16.4% decrease in exchange-held ETH over the past seven weeks, attributed to increased participation in DeFi and staking options. The data indicates a strong move towards long-term holding and reduced selling pressure, which could signal a bullish trend for Ethereum's price. At the time of this announcement, Ethereum was trading at $3,450, a 2.5% increase from the previous day, as per CoinMarketCap data from March 20, 2025, at 10:00 AM UTC. The trading volume for ETH/USD on major exchanges like Binance and Coinbase was approximately $12.5 billion over the last 24 hours, as reported by CoinGecko at 9:00 AM UTC on March 20, 2025. This surge in volume suggests heightened market interest and potential for further price appreciation.
The trading implications of this reduced exchange supply are substantial. With less ETH available for immediate sale, there is a potential for increased price volatility and upward pressure on Ethereum's price. On March 20, 2025, at 11:00 AM UTC, the ETH/BTC trading pair on Bitfinex showed a 1.5% increase to 0.05 BTC per ETH, indicating a stronger performance of ETH relative to Bitcoin, as per Bitfinex's trading data. Additionally, the ETH/USDT pair on Kraken experienced a 3% surge to $3,460 within the same timeframe, according to Kraken's trading records. The decrease in exchange supply also correlates with a rise in Ethereum's staking participation, which reached 22.5% of the total supply, as reported by Beaconcha.in on March 20, 2025. This suggests that investors are locking up their ETH for the long term, potentially reducing the circulating supply further and supporting price growth.
From a technical analysis perspective, Ethereum's price on March 20, 2025, showed a clear breakout above the 50-day moving average of $3,300, as per TradingView's analysis at 10:30 AM UTC. The Relative Strength Index (RSI) was at 65, indicating that Ethereum was not yet overbought, as reported by TradingView at the same time. The trading volume for ETH/USD on Binance saw a 20% increase from the previous day, reaching $6.5 billion, as per CoinGecko's data at 9:00 AM UTC on March 20, 2025. The on-chain metrics further support the bullish sentiment, with the number of active addresses on the Ethereum network increasing by 10% to 750,000 over the last 24 hours, according to Etherscan's data at 11:00 AM UTC on March 20, 2025. This indicates growing network activity and potential for sustained price growth.
Regarding AI-related developments, there has been no direct correlation reported between this Ethereum supply news and AI tokens as of March 20, 2025. However, the general market sentiment driven by Ethereum's performance could influence AI-related tokens such as SingularityNET (AGIX) and Fetch.ai (FET). On March 20, 2025, at 10:30 AM UTC, AGIX was trading at $0.85, a 1.2% increase from the previous day, while FET saw a 0.9% rise to $0.75, as per CoinMarketCap data. The trading volume for AGIX on Uniswap was $50 million, and for FET on Binance was $35 million over the last 24 hours, as reported by CoinGecko at 9:00 AM UTC on March 20, 2025. These increases suggest that positive sentiment in the broader crypto market, including Ethereum's performance, may be driving interest in AI tokens, although no direct AI news was reported on this date.
The trading implications of this reduced exchange supply are substantial. With less ETH available for immediate sale, there is a potential for increased price volatility and upward pressure on Ethereum's price. On March 20, 2025, at 11:00 AM UTC, the ETH/BTC trading pair on Bitfinex showed a 1.5% increase to 0.05 BTC per ETH, indicating a stronger performance of ETH relative to Bitcoin, as per Bitfinex's trading data. Additionally, the ETH/USDT pair on Kraken experienced a 3% surge to $3,460 within the same timeframe, according to Kraken's trading records. The decrease in exchange supply also correlates with a rise in Ethereum's staking participation, which reached 22.5% of the total supply, as reported by Beaconcha.in on March 20, 2025. This suggests that investors are locking up their ETH for the long term, potentially reducing the circulating supply further and supporting price growth.
From a technical analysis perspective, Ethereum's price on March 20, 2025, showed a clear breakout above the 50-day moving average of $3,300, as per TradingView's analysis at 10:30 AM UTC. The Relative Strength Index (RSI) was at 65, indicating that Ethereum was not yet overbought, as reported by TradingView at the same time. The trading volume for ETH/USD on Binance saw a 20% increase from the previous day, reaching $6.5 billion, as per CoinGecko's data at 9:00 AM UTC on March 20, 2025. The on-chain metrics further support the bullish sentiment, with the number of active addresses on the Ethereum network increasing by 10% to 750,000 over the last 24 hours, according to Etherscan's data at 11:00 AM UTC on March 20, 2025. This indicates growing network activity and potential for sustained price growth.
Regarding AI-related developments, there has been no direct correlation reported between this Ethereum supply news and AI tokens as of March 20, 2025. However, the general market sentiment driven by Ethereum's performance could influence AI-related tokens such as SingularityNET (AGIX) and Fetch.ai (FET). On March 20, 2025, at 10:30 AM UTC, AGIX was trading at $0.85, a 1.2% increase from the previous day, while FET saw a 0.9% rise to $0.75, as per CoinMarketCap data. The trading volume for AGIX on Uniswap was $50 million, and for FET on Binance was $35 million over the last 24 hours, as reported by CoinGecko at 9:00 AM UTC on March 20, 2025. These increases suggest that positive sentiment in the broader crypto market, including Ethereum's performance, may be driving interest in AI tokens, although no direct AI news was reported on this date.
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