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Ethereum supply on exchanges hits multi-year low as institutional buying and technical support boost price outlook.

Technical Signals
09 Sep 2026
Blockonomi
View Source
Bullish
Ethereum supply on exchanges hits multi-year low as institutional buying and technical support boost price outlook.

Ethereum's supply on centralized exchanges has dropped to 14.88 million ETH, the lowest in years, reflecting strong institutional demand highlighted by Bitmine's recent $69.44 million ETH purchase. U.S. spot Ethereum ETFs have seen net inflows since July, indicating growing investor confidence despite a recent daily outflow. Technical analysts identify key support around $2,475 and potential resistance near $2,723, with bullish momentum suggesting a possible rally toward $3,000 if critical levels hold. The ETH/BTC trading pair also maintains a bullish pattern, reinforcing positive market sentiment for Ethereum's near-term price trajectory.

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