Ethereum prices closed in on $1,600 during the morning of Jan. 16. Building further on weekend gains, ETH tapped its highest price since Nov. 8. According to the Ultrasound Money tracker, ETH issuance has fallen into deflationary territory once again. Markets are still overall in bear territory, so demand will likely increase as more bulls return to the market. As gas prices increase, this will have a bigger impact on the burn rate and supply of the crypto-currency, which is very bullish in the long term.
Ethereum Hits Ten-Week High and Turns Deflationary Again
