# Should You Buy Ethereum (ETH)? Supply, Demand and Price Drivers (Oct 2026)

*Originally published at https://mrnasdog.com/research/eth (checked Oct 11 2026)*

Supply and demand give Ethereum (ETH) a **positive** long-run signal today (Oct 11 2026); its score is 7/10.

- **Signal today:** positive (Oct 11 2026)
- **MrNasdog score:** 7/10 — supply 3.5/5, demand 3.5/5
- **New coins:** +0.21% in 90 days · +0.86% in a year
- **Demand:** strong (3.5/5)
- **Drivers:** 1 ▲ price up · 0 ▼ price down

## Where new Ethereum comes from

Validators get about 263K new ETH a quarter; a 4.66K ETH fee burn barely dents it, so supply grows about 0.21% every 90 days.

New ETH: +0.21% in 90 days, +0.86% in a year. Supply score 3.5/5, "steady" (place 66 of 101).

## Demand today

Ethereum demand: 3.5/5 (**strong**), place #19 among 110 coins — interest today plus the buying that could come later.

Extra Ethereum demand detail for members stays on the live page.

## The things that move Ethereum

3 things outside the score can move ETH's price — today 1 ▲ up, 0 ▼ down.

### • BitMine's ETH

BitMine is 88,586 ETH from 5%, then stops buying.

Good for the price: BitMine buys. Bad for it: Stops or sells.

| Date | BitMine |
|---|---|
| Jul 31 2026 | 5,787,415 ETH |
| Aug 31 2026 | 5,901,112 ETH |
| Sep 30 2026 | 6,001,302 ETH |
| Oct 4 2026 | 6,016,414 ETH |

*Checked Oct 10 2026*

### ▲ ETF holdings

ETFs hold 6.37M ETH, 5% below the Oct 2025 top.

ETFs hold more → price up · ETFs hold less → price down. Now: ▲ up side.

| Date | US ETFs |
|---|---|
| Jul 31 2026 | 5,477,049 ETH |
| Aug 31 2026 | 6,287,659 ETH |
| Sep 30 2026 | 6,585,775 ETH |
| Oct 8 2026 | 6,365,064 ETH |

*Checked Oct 10 2026*

### • Upgrade calendar

Glamsterdam hit testnet Oct 6; mainnet date not set yet.

Upgrade on time → price up · Delay or bug → price down.

| Date | What happened / what is coming |
|---|---|
| Mar 13 2024 | Dencun: cheaper L2 fees |
| May 7 2025 | Pectra upgrade live |
| Dec 3 2025 | Fusaka upgrade live |
| Oct 6 2026 | Glamsterdam on testnet |
| Oct 27 2026? | 2nd testnet (planned) (coming) |
| Late 2026 | Glamsterdam on mainnet (aim) (coming) |

*Checked Oct 10 2026*

## Ethereum: buy, sell or hold — questions and answers

### Should I buy Ethereum now, or wait?

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.

### Is Ethereum dead, or still in the game?

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 vs XRP: which looks stronger 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.

### Could Ethereum ever hit $10,000?

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.

### Is it time to take profit on Ethereum?

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).

### Is Ethereum a good investment right now?

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.

### How do I know when to buy Ethereum?

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 ▼.

### Will Ethereum go up in 2026?

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.

### Should I buy Ethereum or Bitcoin?

Ethereum: positive signal, 7/10 · Bitcoin: positive signal, 8.5/10 (Oct 11 2026). By supply and demand, Ethereum reads weaker than Bitcoin today.

## Where to read the rest of ETH

- ETH supply, line by line: https://mrnasdog.com/research/eth/inflation
- Where Ethereum sits among all coins: https://mrnasdog.com/coins
- Why supply and demand decide ETH's signal: https://mrnasdog.com/research/pressure-framework/full

*Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice.*