Ethereum’s Supply Crunch: Could Cardano’s Breakout Signal a Price Spike?

Ethereum exchange reserves are at their lowest point in seven years, prompting concerns of an imminent supply shock that could drive significant price movements. Analyst Dan Gambardello highlights this trend, stating that sustained withdrawal activity by both retail and institutional investors has driven these low levels. This pattern is often associated with upcoming price surges, as the availability of ETH for purchase is reduced while demand remains strong or increases. The decline in Ethereum’s available supply on exchanges coincides with BlackRock’s push for SEC approval of an ETH staking ETF by the end of next week.