25-3-2025 – Ethereum’s presence on centralised exchanges has dwindled to levels not witnessed since 2015, sparking intense speculation about an impending supply shortage.
Fresh data from leading crypto analytics firms reveals that exchange-held Ethereum has fallen to a mere 8.97 million tokens, whilst institutional investors have markedly increased their holdings amidst the recent market downturn.
Market watchers have drawn parallels to Bitcoin’s trajectory earlier this year, when similar supply constraints preceded a notable price surge. “The current scenario mirrors Bitcoin’s supply shock in January,” noted prominent crypto analyst Merlijn via social platform X.
Despite Ethereum’s value sliding below the $2,000 threshold—representing a more than 50% decline from its December pinnacle—large-scale investors, colloquially known as ‘whales’, have displayed robust buying activity. Over a mere three-day span, these heavyweight investors acquired an additional 120,000 ETH, according to blockchain analytics firm Santiment.
The number of substantial Ethereum portfolios has seen a marked increase, with wallets holding significant ETH positions growing by roughly 7% in less than a fortnight. This surge in institutional interest comes despite prevailing macroeconomic headwinds, including mounting trade tensions and regulatory uncertainties.
Investment firm VanEck maintains an optimistic long-term outlook, projecting Ethereum could reach $6,000 by 2025. Technical analysts, including Crypto Patel, have highlighted that Ethereum’s Relative Strength Index has touched levels previously seen only thrice in its history, potentially signalling a buying opportunity.
For a sustained recovery, market technicians suggest Ethereum must surpass the $2,200 mark. This level represents a crucial threshold that could determine whether the cryptocurrency re-enters its established trading range.
