Aug. 12 at 10:38 AM
$ETH.X Based on current Ethereum circulating supply of approximately 120.71 million ETH and a near-neutral net supply growth rate of around 0% annually (with daily issuance of roughly 2,500–3,000 ETH offset by variable burns tied to gas fees), the supply is expected to remain stable through the end of 2025, potentially shifting deflationary if network activity rises.
Gas usage is averaging 162 billion units per day, with average gas prices at 0.6–1.5 Gwei. This reflects moderate network demand, but trends from 2025 show gas usage up 20–30% year-over-year (from 108–130 billion daily in prior periods), proxying growing adoption via DeFi, Layer 2 scaling, and ETF inflows. If gas usage climbs to 200 billion daily by year-end amid bull market —driving higher base fees (5–10 Gwei) and increased burns (exceeding issuance at ~1,000 ETH daily reduction)—this would tighten supply.
Factoring in these dynamics, my end-of-year price prediction for Ethereum is 6,000 USD.
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