Despite worries of a supply glut in Ether exchange reserves, the reality is that these reserves represent less than 1% and are near historic lows, indicating potential for price recovery.
Market sentiment remains weak due to broader economic uncertainties, which overshadow the positive developments in Ethereum's technology and regulatory environment.
Although ether's price has struggled, a shrinking liquid supply could signal a future supply crunch, leading to upward price movement if demand increases.
Factors like rate cuts and regulatory support have not translated into price growth for Ether, as the market is currently clouded by fear of recession.
[
Collection
]
[
|
...
]