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<ul>
 <li>Ethereum’s exchange supply is at its lowest in eight years, with only 10% available, signaling a potential price increase.</li>
 <li>Institutional interest grows as companies like Fidelity and BlackRock file for Ethereum ETFs, possibly launching on July 15.</li>
 <li>Ethereum’s price sees volatility, with recent Supreme Court ruling prompting a V-shaped recovery and continued upward trend.</li>
</ul>
<p>A supply shock for Ethereum is anticipated, with potential implications for its price trajectory. The current Ethereum supply on <a href="https://coinmarketcap.com/academy/glossary/centralized-exchange-cex" rel="noopener noreferrer nofollow">centralized exchanges (CEXs)</a> is at its lowest in eight years, comprising only 10% of the circulating supply. This scarcity could drive substantial price increases for Ethereum (ETH).</p>
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   <p lang="en" dir="ltr">A massive Ethereum supply shock is brewing.<br><br>And it's going to make the price of <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> skyrocket.<br><br>Here's why:…</p>— Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1811021797422190697?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 10, 2024</a>
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<h3 class="wp-block-heading" id="h-declining-supply-on-exchanges"><strong>Declining Supply on Exchanges</strong></h3>
<p>The limited availability of Ethereum on exchanges sets the stage for a price surge. Unlike Bitcoin, Ethereum does not experience constant sell pressure from miners, contributing to a more stable supply environment. This reduction in exchange supply suggests increased holding by investors, potentially leading to heightened demand and price appreciation.</p>
<h3 class="wp-block-heading" id="h-institutional-interest-and-etf-filings"><strong>Institutional Interest and ETF Filings</strong></h3>
<p>Recent filings for<a href="https://cryptonewsland.com/vaneck-and-21shares-lead-spot-ethereum/" rel="noopener noreferrer nofollow"> Ethereum exchange-traded funds (ETFs)</a> by prominent companies including Fidelity, VanEck, Franklin Templeton, 21Shares, Grayscale, and BlackRock are poised to further impact the market.&nbsp;</p>
<p>These ETFs, which are speculated to launch on July 15th, indicate growing institutional interest in Ethereum. Once these ETFs begin trading, Ethereum could become more attractive to both institutional and retail investors, potentially outperforming Bitcoin during altcoin seasons.</p>
<h3 class="wp-block-heading" id="h-price-movement-and-market-trends"><strong>Price Movement and Market Trends</strong></h3>
<p>At press time, Ethereum was trading at <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">$3,137.65</a>, experiencing a 1.84% increase in the past 24 hours. The price of Ethereum has shown considerable volatility, fluctuating between approximately $3,025 and $3,150.&nbsp;</p>
<p>Ethereum’s price recovered rapidly from a low of around $3,025, forming a V-shaped recovery and continuing on an upward trajectory.</p>
<p><img decoding="async" width="602" height="427" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdPBYIqRqe95V7SLj-EME5TDV2tV4jU7FQRseMS4OXfPDMfFf66aZmkL9BpczisjOQvbkV2ULoikH7uu3Sr8plRbrLqw1F7AaHAaO6x-mWmg7294MYrF3qyDY4Dopq-99Ldpzw6zytHjNQ8YLE2gPnXJoFH?key=2NiNI2v80nrnJComIksEsA"></p>
<p>Source: <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">CoinMarketCap</a></p>
<h3 class="wp-block-heading" id="h-implications-of-reduced-sell-pressure"><strong>Implications of Reduced Sell Pressure</strong></h3>
<p>The lack of constant <a href="https://cryptonewsland.com/bitcoin-miner-capitulation-continues-as-long/" rel="noopener noreferrer nofollow">sell pressure from miners</a>, combined with the reduced supply on exchanges, positions Ethereum for a potential price surge. As institutional and retail investors increasingly view Ethereum as a viable investment, the influx of capital could further drive its price upward.</p>
<p>Ethereum is poised for a potential price surge driven by supply shock, growing institutional interest, and favorable market conditions. With the impending launch of Ethereum ETFs and reduced supply on exchanges, the market may witness increased demand and substantial price appreciation for $ETH.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ethereum-supply-on-exchanges-hits-lowest-level-since-2016-amid-spot-etf-anticipation/" rel="noopener noreferrer nofollow">Ethereum Supply on Exchanges Hits Lowest Level Since 2016 Amid Spot ETF Anticipation</a></li>
 <li><a href="https://cryptonewsland.com/ethereum-on-exchanges-reaches-5-year-low-as-supply-declines/" rel="noopener noreferrer nofollow">Ethereum on Exchanges Reaches 5-Year Low as Supply Declines</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inu-surge-whales-drive-price-supply-shrinks/" rel="noopener noreferrer nofollow">Shiba Inu Surge: Whales Drive Price, Supply Shrinks</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inus-drastic-supply-cut-sparks-hope-for-surge-to-0-01/" rel="noopener noreferrer nofollow">Shiba Inu’s Drastic Supply Cut Sparks Hope for Surge to $0.01</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-exchange-reserves-plunge-to-lowest-level-in-three-years/" rel="noopener noreferrer nofollow">Bitcoin Exchange Reserves Plunge to Lowest Level in Three Years</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/ethereum-supply-hits-8-year-low/" rel="noopener noreferrer nofollow">Ethereum Supply Hits 8-Year Low, Price Surge Expected with Institutional Interest</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ethereum Supply Hits 8-Year Low, Price Surge Expected with Institutional Interest

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