No single dated event in the next 90 days.
Validators get new ETH every day. The burn is tiny.
ETH runs Ethereum: 122.12M coins circulate, all of them unlocked. Validators are paid in new ETH, and part of every fee is destroyed.
Sell pressure. Validator pay is the only new supply: 263,305 ETH in 90 days, with 43.75M ETH staked and 1.37M more in the queue. Nothing vests, and Foundation sales stay inside the float.
Buy pressure. The fee burn destroyed 4,661 ETH, more than half of it in the last 30 days.
Net. Net, supply grows about 0.21% in 90 days, and about the same next.
Every epoch the protocol creates new ETH to pay validators, and the pay rises with the square root of the total stake. The stake is still growing: 43.75M ETH is active across 851,105 validators, 3.94M ETH was deposited to stake in these 90 days, and 1.37M ETH is queued to join. Supply measured at both ends of the window, with the burn added back, gives 263,305 new ETH — about 2,926 a day.
ETH has no vesting. The 2014 crowdsale coins and the early team share could move from launch day in 2015, unlock trackers show nothing left to release, and circulating supply equals total supply.
The Ethereum Foundation is the only team holder we track: about 94,205 ETH in four known wallets (68,120 in its main Safe, 20,176 in a multisig, 5,774 in its oldest wallet, 134 in another) plus about 70,000 ETH it stakes itself. Its oldest wallet sent out 4,000 ETH in this window, and it sold ETH to a listed company in early October. All of it is already counted as circulating, so a sale moves coins between holders and adds no new supply.
No bankruptcy estate, trustee or long lock is releasing ETH. Funds and listed companies that hold ETH bought it in the market (the largest reports about 6.02M ETH), so those coins were already in the float.
Nothing buys ETH back. Fees are either destroyed or paid to validators, and the destroyed part is counted as the fee burn below.
The base fee of every transaction, and the blob fee that rollups pay, is destroyed when it is paid. Added up block by block over the whole window it came to 4,660.6 ETH, about 52 a day, of which blobs were only 6.6 ETH. The burn more than doubled in the last 30 days (2,504 ETH) as blocks got busier, with no rule change behind it, so the forward figure keeps the 90-day rate.
The Foundation spends, sells and stakes ETH; nothing this window shows it, or any project treasury, buying ETH.
Staking is a real lock with an exit queue, and 3.94M ETH of new deposits arrived this window. But staked ETH still counts as circulating, so a bigger stake takes nothing out of the float — it only raises the issuance above.
Two sides: how much people want ETH right now, and how much buying could come later.
This part is based on social media. It shows how hot ETH is right now. A better rank means more people are talking about it.
Today, people are talking about ETH for two reasons:
On Oct 7 2026 at Token2049 in Singapore, Tom Lee said BitMine will never hold more than 5% of all ETH. It owns about 6.02 million ETH, about 4.9%, so roughly 100,000 ETH of buying is left, and ETH fell about 5% that day. People ask who the next big buyer will be once BitMine stops.
On Oct 7 2026 Ethereum Foundation researcher Justin Drake warned that AI might break the math that protects Bitcoin and Ethereum wallets, in the worst case within months. He suggested a calm, planned move of coins to fresh addresses that have never sent a transaction. No working attack has been shown, and people ask how real the risk is and what holders should do now.
Checked Oct 10 2026
Supply and demand point to a positive long-run signal for Ethereum (Oct 11 2026, score 7/10). Ethereum adds +0.21% new supply in 90 days, and demand reads strong (3.5/5). Ethereum's price drivers: 1 ▲ price up, 0 ▼ price down.
Still very much alive. ETFs hold 6.37M ETH, only 5% below the Oct 2025 top, and the Glamsterdam upgrade hit testnet on Oct 6. New supply is small too, +0.21% in 90 days, so we read Ethereum at 7/10 today. For Ethereum, the supply-and-demand signal is positive right now.
Ethereum looks stronger, 7/10 against XRP's 6/10 on Oct 10 2026. The gap is mostly supply: Ethereum adds +0.21% in 90 days, XRP adds +1.14%. XRP has slightly higher demand (4/5 vs 3.5/5), but not enough to close it. By supply and demand, Ethereum's long-run signal is positive today.
Ethereum trades near $2,495 (Oct 11 2026). $10,000 a coin means a $1.22 trillion market cap, 4 times today's $305B. Ethereum's supply also grows +0.86% in the next year, so every extra coin needs buyers too. Our supply-and-demand read for Ethereum stays positive.
We would read Ethereum differently if new supply jumps (today +0.21% in 90 days), or demand falls from strong. Until then Ethereum's signal stays positive. Mark this date for Ethereum: Oct 27 2026? — 2nd testnet (planned).
Ethereum scores 7/10 on our framework (Oct 11 2026): supply 3.5/5 (steady), demand 3.5/5. Over the next year Ethereum's supply changes +0.86%. The long-run signal is positive.
Supply and demand favor Ethereum most when little new supply is coming, demand is strong and the price drivers point up. Right now Ethereum has +0.21% new supply in 90 days (steady), demand strong (3.5/5), drivers 1 ▲ / 0 ▼.
Ethereum's price drivers today: 1 pointing up, 0 pointing down, out of 3. • BitMine's ETH: BitMine is 88,586 ETH from 5%, then stops buying. ▲ ETF holdings: ETFs hold 6.37M ETH, 5% below the Oct 2025 top. • Upgrade calendar: Glamsterdam hit testnet Oct 6; mainnet date not set yet.
Ethereum: positive signal, 7/10 · Bitcoin: positive signal, 8.5/10 (Oct 11 2026). By supply and demand, Ethereum reads weaker than Bitcoin today.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. ETH supply grows +0.21% in the next 90 days, so it shows in red: more ETH reaches the market than is removed. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
More coins: BTC · BNB · XRP · Which crypto to buy now → · Embed this coin
Deep research weekly. My real holdings monthly.
Was this page useful?