Ethereum’s availability on exchanges has been reduced dramatically to the lowest amount in nearly a decade.
Exchange liquidity for Ethereum is down a staggering 37% over the past year. Not only are many of the platforms that used to offer Ethereum now gone (think Bitrex and Cryptopia), but even those that survived have slashed their Ethereum listings and trading volumes. This points to a really interesting observation about Ethereum. While it continues to grow as a platform, the core asset seems to have a smaller and smaller presence on actual trading venues.
👋 Thanks to the many DeFi and staking options, Ethereum’s holders have now brought the available supply on exchanges down to 8.97M, the lowest amount in nearly 10 years (November, 2015). There is 16.4% less $ETH on exchanges compared to just 7 weeks ago. 😮 pic.twitter.com/r5957wPhLi
— Santiment (@santimentfeed) March 20, 2025
Ethereum’s price movement has become a key point of interest for investors and traders. This is largely due to the substantial cut in available supply and a market landscape that is shifting right before our eyes—and not necessarily in a way that many were hoping for. And while the available supply of Ether has been cut in half, the price has held firm.
Key Levels to Watch in Ethereum’s Short-Term Price Action
As the amounts of Ethereum on exchanges keep falling, people are focusing more on key price levels that could serve as either support or resistance coming up soon. Now, to get a good read on those levels, you really have to look at the address space of Ethereum and the kind of cost clustering that we can see within it. More specifically, you want to look at the points within that space where significant numbers of holders amassed huge volumes of ETH. And when you do that, two levels in particular really jump out at you as being critical to keep an eye on in the near term.
1. $2,240 – Resistance Level
The first level to watch is around $2,240, which is significant because it marks a key resistance point for Ethereum. At this level, 2.24 million addresses hold a combined total of 711,000 ETH. The presence of such a large number of holders at this price could create selling pressure should Ethereum approach or test this level. If the price of Ethereum reaches this point, it is likely to encounter strong resistance as these holders may choose to sell or lock in profits, especially if the price has risen significantly. A break above $2,240 would indicate strong bullish momentum, signaling the potential for higher prices in the short term.
2. $1,886 – Support Level
Conversely, $1,886 marks a vital support level for Ethereum. This level is fortified by a significant number of addresses—4.26 million in total—that hold an aggregate 3.84 million ETH. With an abundance of holders that have accumulated Ethereum at or around this price point, it’s next to certain that this level will serve as a cushion if the price starts to slide. A breakdown below the support level at $1,886 could potentially trigger a servo effect whereby the holders of these addresses sell off a significant quantity of their ETH, causing the price to plunge even further. On the other hand, if Ethereum holds above $1,886, it signals to the market that there is a strong base of demand and plenty of upward momentum.
Kısa vadede Ethereum’da takip edilmesi gereken 2 önemli seviye hangisi mi?
İşte burada adreslerin maliyet kümelerine bakmanın doğru olduğunu düşünüyorum. Bu doğrultuda karşımıza çıkan 2 önemli seviye ise;
🔴2,240 (2,24M adres ve 711K Eth hacmi)
🟢1,886 (4,26M adres ve 3,84M… pic.twitter.com/fpFYTzIIdq— Burak Kesmeci (@burak_kesmeci) March 20, 2025
Ether