Ethereum Price Dips to Two-Week Low Amidst $4 Billion Supply Surplus

The price of Ethereum has experienced a significant downturn, reaching its lowest point in two weeks. Analysts attribute this decline to a substantial increase in supply, with the current surplus estimated at approximately $4 billion. This amplified selling pressure is weakening the cryptocurrency’s value, raising investor concerns about Ethereum’s future stability. Furthermore, the market is closely monitoring potential regulatory developments that could impact Ethereum’s price in the long run. Traders are anticipating key economic data releases that may provide insights into potential future market trends. Despite the current challenges, some experts remain optimistic about Ethereum’s long-term potential, citing its growing use cases in decentralized finance (DeFi) and decentralized applications (DApps). However, they caution that volatility will persist, and prudent risk management is essential for investors.