Ethereum Price Prediction: 2,982 New ETH in a Day, Only 10 Burned

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Ethereum's fee burn has almost died out, and supply is growing by 0.86 percent a year. What that means for the price, staking yield and tax, and which levels matter now.Add as a preferred source on GoogleFollow on Google NewsWhat is confirmed: between Saturday evening and Sunday evening at 18:40 German time, a net 2,982 new ether entered circulation, according to ultrasound.money. Fee burning over the same period destroyed only 10.05 ETH, worth roughly $22,400. Our assessment follows further down: the growing supply is no reason to panic, but it shifts the burden onto buyers, and buyers are exactly what the market lacks right now. The price itself has barely moved. On Sunday evening ether trades at $2,234 according to CoinGecko, or about €2,006. The 24-hour range ran from $2,223 to $2,243. Where the price could head over the coming months is covered in our Ethereum price prediction. This piece is about a number that never appears on the price chart yet counts every sin...