Cryptocurrency analysts assert that Ethereum is poised for a substantial price increase. Analysts point to an unprecedented 40% of Ether being out of circulation amidst record institutional demand, which could lead to significant upward movements in price.
Currently, institutions hold approximately 5.9 million ETH in Digital Asset Treasuries and spot ETFs are accumulating 6.84 million ETH, intensifying supply constraints. With nearly 30% of total supply staked and illiquid, the conditions are ripe for a price surge in Ether.
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