Ethereum’s exchange supply has plummeted to a decade-low of 8.97 million ETH. This drastic decline could signal a significant price increase in the near future, despite ongoing bearish market trends and competition from Layer-2 networks.

The reduction in supply often leads to increased demand, which is a prime indicator for cryptocurrency price surges. As investors keep a close eye on these developments, Ethereum’s potential rebound remains in the spotlight.

With many anticipating a shift in market dynamics, the decrease in supply could very well serve as a catalyst for Ethereum’s stunning recovery. Traders and investors alike are cautious but hopeful, as patterns from the past suggest that significant changes may be on the horizon.