{"id":519857,"date":"2023-02-16T17:00:52","date_gmt":"2023-02-16T17:00:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=519857"},"modified":"2023-02-16T15:36:31","modified_gmt":"2023-02-16T15:36:31","slug":"why-ethereum-price-could-reach-1800-before-the-rally-burns-out","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/why-ethereum-price-could-reach-1800-before-the-rally-burns-out\/","title":{"rendered":"Why Ethereum Price Could Reach $1,800 Before The Rally Burns Out"},"content":{"rendered":"
Ethereum price has followed the recovery trend of Bitcoin over the last two days, which has helped it wipe the losses from early February. Currently, the digital asset is up around 9% which saw it break above $1,600 once more. However, the cryptocurrency doesn\u2019t seem to be slowing down as there is still some runway for it.<\/p>\n
ETH Deflation Paints Bullish Picture<\/h2>\n
One of the most bullish arguments for Ethereum right now is the fact that while most coins in the space are experiencing inflation, the coin\u2019s supply is deflating. This is a result of the Ethereum Merge that was completed last year, which works to reduce the supply of ETH in the market.<\/p>\n