Ethereum Supply Shock Builds, Cardano Eyes Bullish Breakout
The post Ethereum Supply Shock Builds, Cardano Eyes Bullish Breakout appeared on BitcoinEthereumNews.com.
Ethereum exchange balances drop to their lowest levels since 2018 amid institutional accumulation. BlackRock reportedly pressures the SEC to approve an ETH staking ETF within two weeks. Cardano approaches multi-year resistance while testing the 200-week moving average support. Ethereum is approaching a potential supply shock as exchange reserves have fallen to their lowest levels in seven years, according to analyst Dan Gambardello. The decline in available ETH on centralized exchanges has created conditions that could drive major price movements if demand increases. Exchange data shows ETH balances have reached lows not seen since 2018. The data shows sustained withdrawal activity by both retail and institutional investors. This pattern usually precedes major price rallies as available supply for purchase becomes constrained while demand remains steady or increases. ETHEREUM Supply Shock Begins…CARDANO Acceleration Zone (DON’T BLINK) Intro 00:00Altcoins vs BTC 00:35ETH off exchanges 2:00ETH risk move 3:30Profit plan 5:00ETH targets 6:30ETH/BTC 8:40ADA weekly 9:30ADA tension 11:00 pic.twitter.com/kTyhcpTxHQ — Dan Gambardello (@cryptorecruitr) June 3, 2025 Gambardello noted that institutions are accumulating Ethereum despite its recent underperformance relative to Bitcoin and other altcoins. The supply reduction coincides with growing institutional interest in ETH as a treasury asset and inflation hedge. “Ethereum is about almost no one sees it, but we do. I see it. Institutions are here for Ethereum. Ethereum has a place in these markets,” Gambardello stated in his analysis. BlackRock ETF Developments Add Catalyst Potential Recent reports suggest BlackRock is pressuring the SEC to approve ETH staking ETFs within the next two weeks. If approved, this development could serve as a major catalyst for institutional adoption and price appreciation. The analyst acknowledged skepticism about claims that ETH could “teleport straight to $12,000” but suggested the $10,000-$12,000 range represents a reasonable target for this market cycle. He emphasized that ETF approval could kickstart…
Filed under: News - @ June 3, 2025 4:28 pm