According to a new report from Cointelegraph, analysts suggest Ethereum may be entering “scarcity mode,” creating conditions for a possible rally toward $6,000. Henrique Centieiro, a venture capitalist, highlights that with over 42.6% of ETH locked in staking contracts and exchange reserves at record lows, limited supply could drive prices higher as demand increases. This scarcity narrative is further supported by recent data showing a 21% price spike and a breakout above key resistance levels, echoing a 2023 bullish setup that previously led to substantial gains. Institutional interest is also strengthening, with Ethereum ETFs drawing $132 million in inflows in early November. Source: Cointelegraph
