Ethereum Exchange Supply Drops to Lowest Level Since 2016 Ethereum exchange supply has fallen to its lowest level since 2016, reflecting increasing caution among traders and a reduction in short-term selling pressure. As more ETH is withdrawn from exchanges to long-term holding platforms, liquidity supply continues to decrease. On the one hand, this exacerbates Ethereum's volatility; on the other hand, the reduced available supply also increases upward pressure on prices.