Just saw a set of hair-raising data—the amount of Ethereum held on exchanges has dropped to its lowest level since 2015.

This isn’t just a simple fluctuation in numbers. The ETH that can flow directly into the market is being withdrawn at an accelerated pace, and the driving force behind this is clearly not retail investors. Whales and institutions are moving coins out of exchanges on a large scale—either locking them into staking protocols or storing them in cold wallets for long-term holding. The tradable supply is disappearing at a speed visible to the naked eye.

On the other hand, there’s a major signal from the traditional financial world: Bank of America just announced that starting in 2026, all of its wealth advisors will be able to directly recommend Bitcoin and Ethereum ETFs to clients. What does this mean? The compliance channel is now open; traditional funds no longer need to take detours and can flow into the crypto market openly and legitimately.

Putting these two things together:
On the supply side—ETH reserves on exchanges are at rock bottom, and coins available for sale are becoming increasingly scarce.
On the demand side—Wall Street-level buyers are lining up, ready to enter the market through the ETF fast track.

Supply is shrinking, demand is expanding. What will happen to the price once this combination resonates?

Where do you think ETH will be when Bank of America clients start pouring real money in?