Collateralized $ETH Price Increase

- The average price per unit of $ETH collateralized on the Ethereum network is $2k.

- These prices provide key support and resistance for long-term investors.

- A few days ago, the price broke through $2k, making many long-term investors profitable.

- Source: CryptoQuant Head of Research Julio

Deflation Phenomenon Increases

- On November 10, BlackRock filed a spot ETF application with the SEC.

- The number of $ETH transactions increases, as does the amount of fees burned.

- Since the announcement, total supply has decreased by -82,861 ETH.

Grayscale Ethereum Trust Premium Gaps Narrow

- Premiums fell to -59.49% in December '22.

- Narrowing premium caused by institutional buying.

- This indicates that institutional investors are buying trust products in large quantities, pushing the price of ETH up.

Written by MAC_D