**News Flash: Ethereum Faces Potential Supply Surge Amid ETF Launch**

Ethereum is buzzing with anticipation as five spot Ether ETFs are set to start trading on July 23. However, analysts are sounding alarms about a possible oversupply. Crypto trader Benjamin Cowen highlights that ETH's supply has risen by 150,000 ETH in the past three months. If this trend continues, the supply could revert to pre-Merge levels by December.

Cowen warns that the initial excitement around the ETFs might fade, potentially impacting Ether's price. Despite this, he predicts that in 1.5 years, ETH's price will likely be higher than today. Stay tuned as the market reacts to these developments!