🚀 Ethereum's Rollercoaster: Spot ETFs and Supply Surprises! 🎢

Hold onto your crypto wallets, folks! Ethereum (ETH) is in the spotlight with five spot Ether ETFs hitting the Chicago Board Options Exchange on July 23. But wait, there's more! Analyst Benjamin Cowen warns that the initial excitement might fizzle out, leading to an oversupply issue.

- ETH supply has increased by 150K in the past three months.

- If this trend continues, we might see supply levels revert to pre-Merge days.

- Cowen predicts a potential price dip in the next 3-6 months, but a brighter future in 1.5 years.

What do you think? Share your thoughts in the comments! 💬