[Analysis] "Ethereum supply shortage intensifies... Higher chance of a bull market by year-end"
Suehyeon Lee
Summary
- It was reported that the supply shortage of Ethereum is deepening.
- They stated that large amounts of Ethereum are flowing out from exchanges and that ETF and corporate buying pressure is increasing.
- If this trend continues, there is a higher chance of a bull market by year-end.
The supply shortage of Ethereum (ETH) is deepening, and according to analysis, the likelihood of a bull market increases as the year-end approaches.
On the 18th (local time), CryptoQuant author XWIN Research Japan reported, "A large amount of ETH is being withdrawn from exchanges, while ETF and corporate buying pressure are rising significantly. As a result, the current exchange balance is only about 18.4 million."
They further stated, "In conclusion, due to the decreasing exchange supply and increasing institutional demand, Ethereum's supply is becoming increasingly tight. If this trend continues, there is a high likelihood that a robust bull market driven by supply shortages will unfold toward the end of the year."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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