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We saw Etherium making an all time high on 2nd of November with the price at 4634$. This fact took place with an ATH at the hashrate meaning that the security of the network is ensured.
If we check at the daily chart , we gonna see that it keeps making higher bottoms every some days, so I am extremely bullish on this asset :
If we also take a look at the volume we see that is too low. Although there are people that believe that this means nothing but in my opinion that means that we haven't seen anything yet.
According to Ultrasound money (a site that makes imitations) the offer of ETH is gonna decrease by 2% per year because of the burning thing happening. Most of the ETH are going to be burned due to the activity of Uniswap , Tether and Opensea.
This fact makes people feel that they will lose the possibility of owning an Etherium crypto so the demand to buy it is increasing driving us to high expectations about the price.
On the other side, extreme high fees keeps people skeptical about buying it but the holders will never sell because of this reason. Let's see what is gonna happen! :)
