Ether supply squeeze looms with exchanges holding lowest levels since 2015
Ether held on centralized exchanges has hit its lowest level since 2015, signaling a potential supply squeeze that could drive price momentum.Summary
The amount of Ether stored on centralized crypto exchanges has dropped to an unprecedented low of 8.7%, the lowest recorded since the network's launch in mid-2015, suggesting a looming supply squeeze. This decline of 43% since early July coincides with increased digital asset treasury (DAT) purchasing. Analysts note that ETH is entering its tightest supply environment ever, as the asset is being pulled into non-selling locations like staking, restaking, layer-2 activity, and collateral loops. While sentiment is currently heavy, this tightening supply background is expected to eventually drive price momentum when the gap closes. Furthermore, technical indicators like the On-Balance Volume (OBV) show a breakout above resistance, signaling hidden buying strength that often precedes upside moves, even as Ether consolidates around the $3,050 level after holding above $3,000.
(Source：Cointelegraph)