21 March | Ethereum

Ethereum holdings on exchanges drop to near 10-year low amid long-term asset accumulation

Ethereum holdings on exchanges drop to near 10-year low amid long-term asset accumulation

The amount of Ethereum (ETH) available on exchanges has declined to 8.97 million coins, marking the lowest level since November 2015. According to Santiment's analysis published on March 21, 2025, this reduction is primarily driven by the rising popularity of decentralized finance (DeFi) and staking, both of which decrease selling pressure. Over the past seven weeks, ETH supply on exchanges has dropped by approximately 16.4%, indicating long-term investor accumulation.

However, this decrease in available supply has not translated into upward price momentum. Ethereum's price has fallen by roughly 47% from its December 2024 peak of $4,107. Analysts at Standard Chartered recently lowered their Ethereum price target forecast for the end of 2025 from $10,000 to $4,000, citing rising competition from Layer-2 networks that offer lower transaction fees.

Ethereum's core network utilization is also declining. ETH-based decentralized exchanges (DEX) volume dropped from $92 billion in December 2024 to $82 billion in February 2025.

Potential support may come from the US Securities and Exchange Commission's (SEC) recent authorization of Ethereum ETF staking products. However, institutional interest remains weak, as reported by crypto.news.

Elena Dorokhina MarketCheese
Period: 14.07.2025 Expectation: 1600 pips
Upcoming “Crypto Week” to boost bitcoin prices
Yesterday at 11:26 AM 49
Period: 15.07.2025 Expectation: 400 pips
Selling AUDUSD targeting 0.65000 amid limited growth and technical weakness
Yesterday at 10:15 AM 35
Period: 31.07.2025 Expectation: 2000 pips
Selling SPX targeting 6,050
Yesterday at 08:54 AM 17
Period: 14.07.2025 Expectation: 945 pips
Delayed tariff implementation may push silver to $35.650
07 July 2025 55
Period: 18.07.2025 Expectation: 1400 pips
Weak dollar may drive S&P 500 to 6,300
07 July 2025 54
Brent sell
Period: 11.07.2025 Expectation: 400 pips
Brent falls ahead of OPEC+ decisions
04 July 2025 67
Go to forecasts