Analysts anticipate Ethereum supply shock after 100K ETH burned
More than 6% of Ethereum's total supply is staked in the ETH2 contract. Ethereum reserves on centralized exchanges have plunged to 18.98 million, and inflows have substantially reduced, leading to a supply shock. Ethereum's mean dollar invested age dips, indicating that dormant dollars invested in the altcoin have started circulating. These factors are considered bullish indicators for the altcoin's price.
