Ethereum Net Supply Rises by 6,556 ETH Amid Destruction Mechanism: Report

ETH

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(24s)

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$15,414,390,796.07

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Long: 66.7%Short: 33.3%

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Data provided by COINOTAG DATALive data

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Resistance 2$1,872.26

Resistance 1$1,796.13

Price$1,790.34

Support 1$1,776.18

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Support 3$1,615.03

Pivot (PP):$1,794.17

Trend:Downtrend

RSI (14):44.7

According to Ultrasound.money data, Ethereum’s net supply increased by 6,556 ETH over the past week, as reported on September 25 by COINOTAG. During this period, Ethereum’s total supply rose by approximately 18,349 ETH, while 11,793 ETH were eliminated via the asset’s destruction protocol. This brings the total supply of Ethereum to 120,359,815 ETH. Currently, the annual supply growth rate has dropped to 0.284%, reflecting a more controlled issuance rate in comparison to previous years. Such metrics are crucial for investors and stakeholders monitoring Ethereum’s economic model and inflationary impacts.

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