Ethereum Supply Surge May Cap Price Growth Under $3,000 For Now

Over the past week, 7,728 Ethereum (ETH) tokens worth above $20 million at current market prices have been added to circulation. This has pushed the altcoin’s circulating supply to a six-month high of 120.39 million ETH. The surge in circulating supply could exert downward pressure on Ethereum’s price if demand does not keep pace with the influx of new coins. This analysis outlines key... source: https://beincrypto.com/ethereum-price-under-3000/