Ethereum’s performance in the upcoming fourth quarter relies heavily on continuing treasury demand and the dynamics of supply amid external challenges. The increased institutional investment observed points towards growing confidence in ETH.
A remarkable 50% surge in ETH prices in July suggests robust institutional interest, outstripping Bitcoin. BitMine now stands as the largest ETH treasury holder, owning 833,000 ETH, valued at around 2.9 billion USD, reflecting significant market movements.
With nearly 30% of the ETH supply staked, potential supply constraints loom on the horizon. Investor sentiment remains cautiously optimistic, allowing room for price growth should the momentum persist despite prevailing macroeconomic uncertainties.
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