Ethereum's November Surge: Staking Hits ATH Amid Inflation Concerns
Originally Published 1 year ago — by AMBCrypto News
Ethereum has experienced a significant price increase of 34% in November, reaching $3500 for the first time since July, driven by a record weekly netflow of +10k ETH in staking. This surge in staking, after months of outflows, indicates a shift in market dynamics, reducing ETH supply and potentially lowering inflation. Increased demand and improved staking infrastructure are contributing factors, with large holders actively purchasing ETH, further reducing supply and creating buying pressure. This trend suggests potential for further price gains if buyers maintain control.