Ethereum Supply Dwindles as Whales Hoard Coins

Ethereum's supply is dwindling, and whales are accumulating: What's the final hurdle to price growth?

The number of Ethereum (ETH) transactions exceeding $1 million in a single week has increased by approximately 500% over the past seven days.

A net inflow of $17.1 million into Spot Ethereum ETFs occurred on September 28, marking a positive streak of seven trading sessions.

SharpLink has staked an additional 42,074 ETH, causing the total supply held in exchanges to decrease by 3.49%.

Ethereum's price may face resistance at $2,970 and $3,366 if it breaks through the current range of $2,722, $2,822.