Tuesday, December 9

Content Writer

Harvey Hunter

Content Writer

Harvey Hunter

Part of the Team Since

Apr 2024

About Author

Harvey Hunter is a Content Writer at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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A supply shock scenario is brewing, fuelling bullish Ethereum price predictions as centralized exchanges now hold their lowest share of circulating supply in a decade.

The altcoin is growing in scarcity this market cycle, with adoption channels like staking, restaking, layer-2s, digital asset treasuries, and private wallets siphoning off exchange liquidity.

These pipelines have created the tightest supply conditions to date. Exchanges now control just 8.7% of circulating Ethereum, the lowest share since Ethereum went live in 2015.

Ethereum Exchange Supply. Source: Glassnode.

Fresh exposure through U.S. TradFi products such as ETFs deepens the trend. Institutional-grade demand has driven aggressive accumulation under long-term holding strategies.

With fewer tokens available, traders are watching for signs of a supply squeeze. Scarcity could trigger sharp upside volatility as demand collides with shrinking liquidity.

Ethereum Price Prediction: Is ETH Ready To Surge?

This scarcity could help fuel the breakout of a bullish head and shoulder pattern, now unfolding.

The Ethereum price has confirmed a local bottom at $2,750, forming higher lows in a fresh uptrend that solidifies the right shoulder.

ETH USD 1-day chart, bullish head-and-shoulders pattern. Source: TradingView.

Momentum indicators add validity to the trend. The RSI has made a decisive move above the 50 neutral line for the first time since the downtrend began in October, a telling sign of a bottom.

The MACD follows suit, continuing to widen its lead above the signal line and demonstrating a lasting uptrend.

A fully realised pattern breakout could see the neckline reclaimed around $5,500, reclaiming past all-time highs and entering new price discovery in a 60% move.

But as the bull market matures, scarcity only stands to increase, compounding the effects of mainstream adoption and use cases. The move could extend 200% to $10,000.

SUBBD: Mainstream Adoption Could Send This Coin Parabolic

With a shift to pro-crypto regulation, the transition to Web3 has been accelerated. And with it, platforms based in real-world utility like SUBBD ($SUBBD) are gaining traction.

Positioned as an AI-powered content platform, SUBBD is redefining the $85 billion subscriber economy by giving creators true ownership and fans genuine access.

By cutting out the middlemen, $SUBDD puts control back in the hands of those who create real value.

Creators can monetize directly, while fans gain access to exclusive content, early releases, and meaningful interactions through token-gated perks.

The project has already raised almost $1.3 million in presale, and post-launch, even a small share of the industry could push its valuation significantly higher.

With SUBBD, both sides of the community win — creators earn more, and fans get closer while embracing the decentralization use cases crypto was built for.

Visit the Official SUBBD Website Here



https://cryptonews.com/news/ethereum-price-prediction-eth-supply-just-hit-a-10-year-low-supply-shock-could-create-explosive-rally/

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