ETH Exchange Netflow
Positive green means more inflow; negative red means more outflow.
・Positive number means higher potential selling pressure; negative number means lower potential selling pressure.
On 20/7, the outflow amounted to 1,500,000 Ether.
Exchange Reserve
The amount of Ether deposited on major exchanges.
・Short-term uptick means potential selling pressure is increasing; downtick means potential selling pressure is decreasing.
On 20/7, the exchange volume was reduced by 160,000 Ether.
ETH 2.0 Total Value Staked
The amount of Ether pledged by miners to Ether continues to rise.
Although the recent trend has not shown much sign of an upward movement, the volume has continued to increase over the long term.
As the Ether merger (also known as Ether 2.0) prepares to take place, the data suggests that Ether's fundamentals are strong enough to support a higher price in the future.
I don't know if Ether will be as good as Dengzai Geer's 10,000 dollars at the end of Ramadan, but since the Burn Rate is higher than the Issurance Rate after the Ether merger, even if Ether has an unlimited supply by its nature, this mechanism will create an almost deflationary situation in the supply of Ether.
In addition to the impact of the merger, the growing popularity of blockchain technology and the increasing number of Dapps implemented on Ether prove that Ether's position cannot be easily shaken.
With the simple Supply and Demand concept and the support of data, it is not impossible for Ether to reach 10,000 dollars sooner or later.