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Analysts Say Ethereum’s ‘Scarcity Mode’ Could Push Price To $6,000 By Q1 2025
Analysts believe Ethereum has entered "scarcity mode," setting the stage for a potential rally toward $6,000 by Q1 2025. They point to a repeat of 2023's bullish setup, where ETH broke out above key moving averages following a long accumulation phase. This pattern, combined with $132 million in recent inflows into Ethereum ETFs, shows renewed institutional confidence. Venture capitalist Henrique Centieiro highlights that rising demand, coupled with record-low exchange reserves and 42.6% of ETH locked in staking contracts, is creating a supply crunch that could fuel significant upward momentum for Ethereum in the months ahead.
Source: Cointelegraph
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