CryptoQuant: If the supply and demand dynamics of ETH continue to exist, it may rise above 5000 USD next year

ChainCatcher news, according to Morningstar, based on calculations by CryptoQuant analysts, if the current supply and demand dynamics of Ethereum persist, this cryptocurrency could reach an all-time high of over $5000 next year.

Meanwhile, CryptoQuant analysts wrote in a recent report that although the total supply of Ethereum is at its highest level since April 2023, the number of Ethereum destroyed through transaction fees has been on the rise since September, indicating that the supply growth of this cryptocurrency has been slowing down.