Ethereum supply squeeze and ETF demand set stage for $5,000 breakout

🚨 Crypto News: Ethereum might just be warming up for a historic breakout, with analysts predicting a potential leap past the $5,000 mark. The latest report from CryptoQuant highlights a perfect storm brewing—rising ETF demand, deflationary supply trends, and improved network dynamics are setting the tone for Ethereum’s next big move.Spot Ethereum ETFs have experienced explosive growth since their launch in July 2024, with holdings climbing from 3.095 million to a record 3.41 million ETH. This suggests renewed investor confidence and strong buying pressure, fueling the upward momentum. Combine that with Ethereum’s robust burn rate, which is now over 2,700 ETH daily due to increased network activity, and you have a recipe for a supply squeeze that could jolt prices higher.CryptoQuant’s valuation metrics peg Ethereum’s upper limit at $5,200, matching the euphoric highs of the 2021 bull run. If current trends persist, $ETH might not just meet its all-time highs—it could shatter them. The stage is set. Will Ethereum deliver the breakout we’ve been waiting for? Stay tuned. Ethereum #CryptoNews #CryptoTrends via /r/Blockviews https://ift.tt/9G8xqBF