Ethereum Nears $6K Amid Supply Constraints
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 17 2025
Ethereum Price Surge: Ethereum is nearing a $6,000 price point due to a significant drop in ETH supply on exchanges, driven by strong institutional demand and protocol upgrades.
Impact of Institutional Buying: The reduction in available ETH caused by institutional buying is creating a supply squeeze, which may lead to further price increases and influence the broader cryptocurrency market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.