Ethereum Eyeing $3,000 But There Is This Big Supply Problem

Quick Summary:

Ethereum fell to as low as $2,100 this week before bouncing, adding an impressive 25% from August 2024 lows.

While there is confidence that prices will continue expanding, breaching $2,800 and even the psychological round number at $3,000, other market-related events might slow down bulls.

Another batch of 212,000 ETH will be available for trading in the coming days, which could heap more pressure on prices.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: Hungary

Topics: Ethereum price ETHUSDT Ethereum Rewards Eth bulls Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-10 @ 04:00:57 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22003382

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About Bitcoinist

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Official Website: bitcoinist.com

Update Frequency: 23 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 12 hours ago

Coverage Areas: Hungary

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