Look at this data: only 8.84% of all ETH is on exchanges! 🤯 It is the historical minimum. What does it mean? That there is almost no "loose" Ether left to sell. This is not just another piece of data; it is the bomb that could trigger the next big Ethereum rally. If there are no chips on the table, what happens when people want to buy? Get ready!

We are looking at Ethereum (ETH) at a moment that experts call "compression." Imagine a spring that is being squeezed and squeezed, and when it is released, the explosion is enormous. Technically, the ETH/BTC pair is touching a key support level (a floor) that has held up for almost the entire year. Several highly respected analysts, like Michaël van de Poppe, believe this floor will hold and that, finally, ETH will surpass Bitcoin (BTC) in percentage gains. We have been waiting for this for months!

The Secret: Why There Is No ETH on Exchanges

The strongest point of this news is the historic scarcity. The fact that only $8.84 of the total supply of ETH is on exchanges (almost half of the $14.8\%$ of Bitcoin) is no coincidence.

  • Staking and Restaking: People are locking their Ethers to secure the network and earn rewards. Once there, they don't come out easily. 🔒

  • Layer 2s (L2s): Using solutions like Arbitrum or Optimism requires locking ETH. This is a structural use, not speculative. The tokens are tied to the technology.

  • Long-Term Holding: Serious investors are putting their ETH in the vault, thinking long-term for 5 or 10 years.

This scarcity is not a "whim" of the market; it is a structural restriction. While the market feels "uncomfortable" due to Bitcoin's volatility, the supply of ETH continues to dry up. This screams something to us: if demand returns, there won't be enough ETH for everyone who wants to buy, which will inevitably push the price up. 🚀

The Levels to Watch 👀

In concrete numbers (so you know where the action is):

  • Key Support (Floor): The zone of $2,482 to $2,616 is the floor that ETH has to defend. If it holds, the party continues!

  • First Bullish Target: The first significant ceiling is $3,336 (the yearly opening high).

  • The Big Dream (All-Time Highs): If momentum kicks in, analysts see the final target between $4,789 and $4,885, close to the weekly high of 2024!

Even though Bitcoin is wavering (which makes the setup feel "uncomfortable", as trader Tim says), the structure of Ethereum remains strong. The risk-reward in ETH right now is much more attractive than in the rest of the market.

The question is: when the market realizes this brutal scarcity, will there be enough liquid ETH to meet the demand? I don't think so. That's why, with the technical foundations and supply scarcity aligned, Ethereum is in the best position to be the leader of the next bull cycle, even if Bitcoin takes time to get going. Stay tuned.$ETH