CryptoQuant: With increasing demand and on-chain activity, ETH is expected to break through $5000
On December 12, a CryptoQuant analyst stated that if the current supply and demand trends and investor interest continue to rise, the price of Ethereum could exceed $5,000. They added that on-chain activity for Ethereum has increased, daily transactions and dApp usage have driven up network fees, and supply growth has been slowed due to an increase in Ethereum burning. (The Block)
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