Ethereum’s Silent Supply Shock: What On-Chain Data Reveals About the Next Big Move

TLDR: Ethereum exchange reserves have fallen to roughly 16.2 million ETH, the lowest recorded level since 2016. Around 37 million ETH locked in staking contracts is actively reducing circulating supply and sell-side pressure. Surging active addresses and lower gas fees from EIP-4844 reflect real user demand, not speculative activity. Staking-based ETH ETF launches and U.S. [...]

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