Ethereum’s ‘Ultra Sound Money’ Narrative Fades, But Key Metrics Signal Growth Potential

Description

Ethereum’s ‘ultra sound money’ narrative has been losing strength recently, as its total supply has hit an all-time high, and the staking ratio has declined by 1% since last November. However, despite these unfavorable supply-side conditions, new data suggests that ETH still holds strong potential for an upward movement. Ethereum’s Market Outlook According to CryptoQuant’s latest analysis , there are several factors at play. Firstly, Ethereum’s realized price currently stands at approximately $2...