According to analyst “Crypto Gucci,” Ethereum has never experienced a market cycle with so many simultaneous “supply vacuums.”
ETH’s supply is disappearing faster than ever 🔥
Over 40% of all $ETH is currently locked out of circulation and is continues to climb rapidly
Ethereum has never experienced a market cycle with all three supply vacuums active at once: – DATs didn’t exist last cycle – Spot ETFs… https://t.co/Y4FtW7Rmzg
Digital asset treasuries (DATs), like Bitmine and Bit Digital, have accumulated nearly 5.9 million ETH, worth around $24 billion. This represents 4.9% of total ETH token supply.
At the same time, U.S. spot Ether ETFs have absorbed $28 billion in ETH since their launch in July last year. This massive inflow could grow even further once staking receives regulatory approval, according to experts.
Ether staking activity has also reached record levels. Currently, 35.7 million ETH, almost 30% of the total supply, is locked in staking contracts, with much of it illiquid due to the 40-day withdrawal queue.
“When demand meets a shrinking supply like this, price doesn’t just go up, it goes nuclear,” the analyst writes.
Ether Exchange Balance Drops to Multi-Month Low
Meanwhile, data from CryptoQuant shows the Ethereum supply ratio on Binance has fallen sharply to 0.33, the lowest level since May last year.
This decline suggests investors are moving their ETH into self-custody wallets, a sign of long-term confidence and reduced selling pressure.
At the time of writing, Ether trades near $4,150, recovering from a recent dip to $3,900. The crypto’s 24-hour trading volume has jumped 13%, reaching $63 billion.
Analyst Crypto Ceaser noted that ETH is currently around a strong support zone around $4,000, a good buying opportunity for traders looking for the next crypto to explode.
He added that the “real fun will start” after the second largest cryptocurrency breaks the weekly resistance level of $4,874 with full conviction.
BitMine chair Tom Lee recently reaffirmed his year-end target of $10,000 for ETH. Historical data from CoinGlass also supports this optimism as the fourth quarter has delivered average returns of 21.36% for Ether since 2016.
A similar gain could push ETH close to $5,000 by the end of this year.
Maxi Doge Presale Explodes Past $3.6M
With ETH aiming for major gains and analysts monitoring the meme coin market, Maxi Doge (MAXI) is gaining serious attention. Inspired by gym culture and the fast-paced world of crypto trading, the token has already raised over $3.6 million in its ongoing presale.
At the heart of Maxi Doge’s growth is the Maxi Fund, a reserve designed to boost liquidity and secure strategic partnerships that can drive long-term expansion.
The Maxi Doge community fuels its growing buzz, with holders joining trading talks, weekly contests, and fitness-themed challenges. MAXI blends lifestyle and crypto while rewarding early investors with an 84% annual staking return, giving everyone a reason to hold on.
Presale Overview of Maxi Doge
Ticker: MAXI
Current Price: $0.000263
Funds Raised: $3.6 million
If you’re looking to invest, we recommend checking out our guide on how to buy Maxi Doge and join the presale before the price goes up.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.