Is Ethereum Expected to Break Its Historical High? 🌟

According to calculations by CryptoQuant analysts, if the current supply and demand dynamics continue, Ethereum could break the $5,000 mark next year. Although the total supply of Ethereum has reached a new high since April 2023, the number of Ethereum destroyed through transaction fees has been steadily increasing since September. This trend indicates that the growth of Ethereum's supply is slowing down.

Market observers believe that this change in supply and demand could support an increase in Ethereum's price. However, investors should remain cautious and closely monitor market dynamics. 📈