Ethereum

Rally

2024

Bitcoin

Coin

<ul class="news-points"> 
 <li>Ethereum supply on exchanges is at an 8-year low, setting the stage for a potential price surge. </li> 
 <li>The absence of miner sell pressure on Ethereum contrasts with Bitcoin, contributing to price stability.</li> 
 <li>Upcoming Ethereum ETFs are expected to attract significant institutional and retail investment interest. </li> 
</ul> 
Ethereum is on the brink of a significant supply shock that could drive its price to new highs. 
A recent analysis by crypto analyst Lark Davis reveals that the Ethereum supply on exchanges is at an eight-year low, with only 10% of the circulating supply currently held on centralized exchanges (CEXs). This development sets the stage for a substantial increase in Ethereum’s value. 
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 A massive Ethereum supply shock is brewing. And it's going to make the price of <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> skyrocket. Here's why:…— Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1811021797422190697?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 10, 2024</a>
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One key factor behind this potential surge is the lack of constant sell pressure from miners, a notable difference between Ethereum and Bitcoin. Unlike Bitcoin, which faces ongoing selling from miners, Ethereum does not experience this same level of sell pressure. This dynamic contributes to a more stable and potentially appr…
The post <a href="https://coinedition.com/no-miner-sell-pressure-why-ethereum-could-outperform-bitcoin-in-upcoming-rally/">No Miner Sell Pressure: Why Ethereum Could Outperform Bitcoin in Upcoming Rally</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

No Miner Sell Pressure: Why Ethereum Could Outperform Bitcoin in Upcoming Rally

Coin Edition

Alte articole publicate pe 10 iul. 2024

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