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Ethereum (ETH) is about to surge higher!
The proportion of ETH allocated in Ethereum smart contracts continues to rise, indicating that its supply is becoming tight.
Currently, close to 40% of ETH is locked in these contracts, which has resulted in a continued decrease in the amount of ETH on the market for trading and other uses.
Increased supply scarcity means the price of ETH can fluctuate significantly when demand increases.
Therefore, we need to pay close attention to the allocation of ETH in the Ethereum smart contract and the supply and demand dynamics in the market in order to better deal with possible price fluctuation risks
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