Analyst says ETH poised for rally amid supply shortage, surging demand

Ethereum is positioned for a strong rally as its supply dwindles while demand increases, according to an analysis reported by Cointelegraph. Crypto analyst Crypto Gucci identified three key factors contributing to the supply shortage. He noted that companies holding crypto reserves account for 4.9% of the total ETH supply, while U.S. spot ETH ETFs hold another 5.6%. Additionally, the growing popularity of staking has locked up approximately 30% of the current supply. The analyst predicted that ETH could experience a powerful surge as record institutional demand meets this shrinking supply.