Ethereum sees biggest price volatility since May: 'expected to hit new record highs'

Ethereum (ETH) saw its biggest weekly price change since May, buoyed by Bitcoin's steady rise to all-time highs.
Over the past seven days, ETH supply has been growing at a rapid rate of 0.424% annual inflation, which is the largest increase since early to mid-October.
This is in stark contrast to the deflationary state that was observed in the past. According to Ultrasound.money, the current ETH burning rate is 452,000 ETH, and the supply is
The latest figure is more than double that amount, at 957,000 ETH, a 0.42% increase in annual supply. This is a common opinion among cryptocurrency analysts on social media platform X (formerly Twitter).
While opinions are divided, there is a common expectation of an upswing and a shared prediction that the index will soon hit a new all-time high.
One X user wrote, "ETH is expected to surpass $4,000 (approximately 610,000 yen), and ETH will easily surpass $4,000.
Cryptocurrency analyst Poseidon published a similar prediction on X, but said there will be a temporary drop before hitting a new all-time high.
He predicted that ETH would exceed $4,300 (about 660,000 yen).