Ethereum prices have surged to their highest levels for ten weeks. Additionally, ETH issuance is back in the deflationary territory as network demand ramps up.
Ethereum តម្លៃ closed in on $1,600 during the morning of Jan. 16. Building further on weekend gains, ETH tapped its highest price since Nov. 8, reaching $1,589 this morning.
The asset has made 3% over the past 24 hours and was trading at $1,568 at press time. Furthermore, ETH has gained more than 30% over the past fortnight. It has slightly outperformed Bitcoin, which has notched up 27% over the same period and 2.1% on the day.
The bullish momentum for Ethereum is rising a couple of months before the ធ្វើឱ្យប្រសើរឡើងទីក្រុងស៊ាងហៃ. This will enable the phased ការដកប្រាក់ of staked ETH parked on the Beacon Chain for more than two years.
Ethereum Issuance Declines
Ethereum’s on-chain fundamentals have also strengthened this year following a terrible 2022. According to the Ultrasound Money កម្មវិធីតាមដាន, ETH issuance has fallen into deflationary territory once again. The current supply growth is -0.09% per year, it reported at the time.
Source: https://beincrypto.com/ethereum-hits-ten-week-high-and-turns-deflationary-again/