Analyst: 40% of ETH is non-circulating, and the price of ETH may skyrocket

ChainCatcher news, according to Cointelegraph, analyst Crypto Gucci stated that Ethereum is experiencing unprecedented supply pressure, with 40% of ETH having exited circulation. With institutional demand at record levels, prices are expected to continue rising.

The analyst pointed out that Ethereum has never experienced three "supply vacuums" simultaneously in a market cycle: first, Digital Asset Treasuries (DATs) have accumulated 5.9 million ETH, worth approximately $24 billion, accounting for 4.9% of the total supply; second, U.S. spot Ethereum exchange-traded funds have purchased 6.84 million ETH, worth $28 billion, accounting for 5.6% of the total supply; finally, currently, 35.7 million ETH are staked, worth approximately $146 billion, accounting for nearly 30% of the total supply. Due to a withdrawal queue lasting 40 days, most of the funds lack liquidity.

Crypto Gucci stated, "When demand meets such a constricted supply, prices will not only rise but will also exhibit explosive growth." Entrepreneur Ted Pillows predicts the fair value of ETH in this cycle to be between $8,000 and $10,000.