#Dencun Upgrade reduces #Ethereum fees, increasing inflation, with $ETH supply surging by 400,000 tokens.
Analysts anticipate #Ethereumprice drop to $2,500 due to slower ETH burning and #Cryptomarket sentiment.
https://coinpedia.org/news/cryptoquant-report-dencun-upgrade-shatters-ethereums-ultra-sound-money-status/
Analysts anticipate #Ethereumprice drop to $2,500 due to slower ETH burning and #Cryptomarket sentiment.
https://coinpedia.org/news/cryptoquant-report-dencun-upgrade-shatters-ethereums-ultra-sound-money-status/
CoinPedia
Dencun Upgrade Backfires: Ethereum Supply Soars, Price Tumbles
The latest report from crypto analytics firm CryptoQuant raises questions about Ethereum's status as "ultra-sound money" following the mid-March Dencun
Will #EthereumPrice Hit All Time High?
🔵Ethereum ($ETH) is mirroring #Bitcoin’s path post-ETF launch, with a notable trend of two weeks of decline followed by a gradual upward climb.
🔵Outflow from Grayscale has significantly slowed, hinting at a potentially stabilizing market. As we brace for the upcoming weeks, expect a steady inflow to drive Ethereum's rebound.
Total #EthereumETF Net Inflow: $4.9327 million on August 12.
✨#Grayscale ETF: No money came in or went out (inflow and outflow were $0.00).
✨ #Fidelity ETF (FETH): Gained $3.9831 million in a single day.
✨#Bitwise ETF (ETHW): Gained $2.8569 million in a single day.
🔵Ethereum ($ETH) is mirroring #Bitcoin’s path post-ETF launch, with a notable trend of two weeks of decline followed by a gradual upward climb.
🔵Outflow from Grayscale has significantly slowed, hinting at a potentially stabilizing market. As we brace for the upcoming weeks, expect a steady inflow to drive Ethereum's rebound.
Total #EthereumETF Net Inflow: $4.9327 million on August 12.
✨#Grayscale ETF: No money came in or went out (inflow and outflow were $0.00).
✨ #Fidelity ETF (FETH): Gained $3.9831 million in a single day.
✨#Bitwise ETF (ETHW): Gained $2.8569 million in a single day.