Ethereum Supply Is Vanishing—Price Boom Next?

Only 9M Ethereum left on exchanges—the lowest since 2015! If demand spikes, prices might rocket. 

If you’ve been watching Ethereum closely, you might’ve noticed a shift—not just in the price, but in the underlying signals that often precede a big move. Some fresh insights from former Ethereum Core Developer Eric Conner suggest we could be on the verge of a major price surge.

Let’s break down the three major catalysts that have the crypto world buzzing.

Surging Stablecoin Activity

Eric Conner points to a fascinating trend: stablecoin transfer volume has been increasing nonstop for 21 months straight. That’s nearly two years of consistent growth.

What’s wild? This volume is now approaching the levels seen on Visa’s global payment network. Yes, Visa, as in the traditional finance giant.

Conner views this as a clear indication of rising demand for Ethereum’s block space, which in turn fuels the entire network. Simply put, Ethereum is becoming the go-to highway for digital finance, and that kind of traffic usually leads to serious value appreciation.

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ETF Inflows Are Heating Up—And So Is Institutional Interest Here’s where things get interesting.

In June alone, spot Ethereum ETFs saw $1.17 billion in net inflows. That’s not pocket change. That’s institutional capital—the kind that doesn’t usually chase memes but bets big on long-term value.

According to Conner, fund managers are already prepping for higher risk exposure in late 2025, which hints at growing confidence in Ethereum’s future role in finance. It’s not just traders anymore it’s the big money starting to build positions.

And you know what happens when Wall Street and crypto finally agree on something? Fireworks.

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Exchange ETH Reserves Are Shrinking Fast

Possibly the biggest bombshell of all: Ethereum reserves on centralized exchanges have dropped to just 9 million ETH.

That’s a level we haven’t seen since 2015. It means supply is drying up and when supply drops while demand rises, well, you can guess what usually happens.

Conner argues this supply squeeze is already putting upward pressure on prices. And if demand spikes, especially from both retail and institutions at the same time, we could see a sharp breakout.

Bonus Insight: A Breakout May Be Brewing

Conner also noted Ethereum is currently consolidating between $2,400 and $2,600. This range-bound movement might feel boring… but it’s often the calm before the storm.

He believes a decisive move above this range could trigger a fast and aggressive rally, the kind that catches people off guard and leaves latecomers chasing green candles.

Read Also: Investments in Ethereum ETF continue for 7 consecutive weeks. Is this a bullish signal?

Final Thought:

Ethereum isn’t just another coin anymore; it’s becoming the infrastructure layer of modern finance. With usage surging, ETF inflows piling in, and supply shrinking on exchanges, all signs are pointing toward something big. If this trend holds, don’t be surprised if Ethereum’s next rally turns heads — and breaks charts.

Disclaimer: This article is for information only. Consult a financial advisor before any investment, and do your own research. Because crypto is unregulated and involves a lot of risk.

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