Ethereum Price Prediction: Supply Shock Could Send ETH Above $3,000

Ethereum trades at just above $2,500, but the flat 24-hour print masks a more interesting story underneath that could flip its price prediction trajectory. Exchange balances are drying up.

Whales are pulling coins off order books faster than most traders realize.ETH rallied to an eight-month high of $2,660 before pulling back into the current consolidation zone near $2,474–$2,515.

Over $300 million worth of ETH was left on exchanges during that advance, and the trend hasn’t reversed.

ETH Exchange Balance/ Price, CryptoquantExchange-held supply has fallen to roughly 14.7 million ETH, down sharply from prior highs above 20 million, while nearly 43 million ETH, or about 35% of total supply, sits locked in staking contracts.