Ethereum ETF buying outpaces new supply: Will it push ETH price to $4.5K?
Recent data indicates that Ethereum exchange-traded funds (ETFs) are experiencing significant buying activity, outpacing the new supply of ETH entering the market. This increased demand from institutional investors could potentially drive the price of Ethereum to $4,500. Analysts suggest that the current market dynamics, characterized by limited supply and heightened interest in ETH, may create upward pressure on its price. As a result, many are closely monitoring the situation to see if this trend will continue and impact ETH's valuation significantly.
Read the full article: Coin Telegraph