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Ethereum bulls eye 20,000 USD despite recent slump and supply inflation

Ethereum’s price recently fell over 11% as the asset faces inflationary pressures with supply constraints returning to pre-merge levels. Despite this, analysts like ‘Mister Crypto’ and ‘CRYPTO₿IRB’ remain optimistic, forecasting a potential rise to 20,000 USD.

Crypto commentator ‘Mister Crypto’ expressed confidence in Ethereum’s potential breakthrough, accumulating ETH. Another analyst noted that the current ETH supply is increasing, heading towards old levels. Currently trading below 3,200 USD, Ethereum has tumbled approximately 15% from last year’s peak.

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