🚀 Crypto news 🌐

🚨 Rising ETH supply is a big concern for the Ethereum Spot ETF In the last three months, the supply of Ethereum has increased by 150,000.

The upcoming timely approval of the Ethereum ETF could help absorb some of this increase. - Ethereum supply has increased by 60,000 ETH per month since April 2024. -

Analysts suggest that the final capitulation of the ETH/BTC trading pair could begin in September 2024. - The approval of the Ethereum Spot ETF could help absorb some of the increase in supply.

Popular analyst Benjamin Cowen noted the increase in Ethereum supply since April. He added that if this continues, supply in December could match pre-merger levels as early as September 2022. Cowen also mentioned that monetary policy will be a key factor for Ethereum price. Without a Fed pivot toward quantitative easing, a major price rise is unlikely.

If historical patterns hold, Cowen suggests that ETH/BTC capitulation may begin in September 2024, similar to trends in 2016. Will the Spot Ethereum ETF Absorb the Supply? Investors are eager for the Ethereum ETF's spot debut next week, expecting strong inflows. Major issuers like BlackRock and Fidelity have announced their fee structures. Analysts predict multibillion-dollar inflows by the end of 2024, although this may not happen immediately after approval. #ETH