ChainCatcher Message, pay attention to Ethereum market dynamics! According to an analysis by CryptoQuant analysts, if the current supply and demand relationship continues, Ethereum is expected to break historical highs next year, with prices potentially rising above $5,000.

Analysts point out that although the total supply of Ethereum has reached a new high since April 2023, the number of Ethereum destroyed through transaction fees has been on the rise since September. This phenomenon indicates that the growth in Ethereum's supply is slowing, which may support price increases.

Market observers should closely monitor on-chain data to assess potential changes in future price trends.