According to calculations by CryptoQuant analysts, if Ethereum’s current supply and demand dynamics persist, the cryptocurrency could hit a new all-time high and rise above $5,000 next year, ChainCatcher reported.
Analysts at CryptoQuant noted in a recent report that while Ethereum’s total supply is at its highest level since April 2023, the amount of Ethereum destroyed through transaction fees has been trending upward since September, indicating that supply growth is slowing.
