Get ready for Ethereum supply shock

Since August 5, over 489,000 ETH has been burned. This is about $1,750,000,000 worth of Ethereum. Ethereum has also been consistently seeing deflationary days. Not only this, but Ethereum is also close to a triple halving. Perhaps the most bullish thing is that Crypto exchanges are running out of Ethereum.

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ETH On Exchanges at their lowest level

And guess what? This is not even the biggest news for Ethereum. Ethereum layer 2 is also promising 100x gas cuts and is expected to be live by November. This is incredibly bullish for Ethereum. We can easily expect one of the largest bull runs ever if this keeps continuing. Miners are also losing momentum too. With Ethereum being burned more and more and exchanges almost running out soon, I'd say get ready for a supply shock soon.