Editor's PiCK
[Analysis] "Ethereum Supply Ratio Decreases to 2016 Levels... Continues to Decline"
Doohyun Hwang
Summary
- It was reported that the supply ratio of Ethereum has decreased to 2016 levels.
- Investors still rate Ethereum as a high-value asset.
- Ethereum is reported to be trading at $3580, down 2.2% against Tether.
The supply ratio of Ethereum (ETH) in the market has decreased to levels last seen in 2016.
On the 29th, the online data analysis platform 'theKriptolik' reported that "the price of Ethereum remains unaffected by the low levels of supply held by the market, which has decreased to 2016 levels (with a mid-year high of 21.69 dollars)."
Furthermore, "this is despite the increase in the circulating supply of Ethereum," indicating that "investors still view Ethereum as a valuable asset and remain optimistic."
Meanwhile, Ethereum is trading at 3580 dollars, down 2.2% compared to the previous day against Tether (USDT).
Doohyun Hwang
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