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Ethereum ETH $2,454.28 Ethereum 0.73% Market capitalization $296.19 billion VOL. 24 hours $0.25 billion is going through a difficult period, having lost more than 11% of its value over the past week. In turn, the network is facing inflationary pressures due to declining demand, which is bringing ETH supply back to pre-Merge levels.
Despite the current volatility, cryptocurrency market analysts, including Mister Crypto and CRYPTO₿IRB, remain optimistic about Ethereum’s prospects. They point to the similarity of the current charts to previous periods that preceded significant growth, and even predict the possibility of reaching the $ 20,000 mark during this cycle.
The main challenge for Ethereum has been the resumption of inflation in the network since April 2024. The total volume of coins increased by 0.35%, reaching 120.4 million ETH. According to analyst Benjamin Cowen, if demand remains low, supply could return to pre-Merge levels in the coming weeks.
Despite the existing problems with inflation and price volatility, most experts continue to view Ethereum as a promising asset, especially given the expected changes in the market and the further development of the cryptocurrency ecosystem.