The Ethereum stablecoin supply has reached an all-time high of 150 billion USD, bolstering confidence in the network. Ethereum’s price, currently hovering around 4,300 USD, requires momentum to surpass the crucial 5,000 USD resistance level.
Retail traders dominate the market, but institutional interest is rising, aided by increased open interest. With metrics showing a tightening supply to exchange ratio, ETH may be positioned for a price rally towards new highs.
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