Crypto markets have been bullish for the past couple of days but Ethereum is still not getting the momentum it needs.

But there has been a trend of increasing DeFi demand in recent months. This may support the ETH price, as the pressure on the price from the ETH sale by miners is compensated by DeFi demand.

-Monthly mining supply: 2 ETH per block every 16 seconds = ~324,000 ETH monthly
⠀
-DeFi demand: Monthly locked ETH by DeFi Pulse’s data

Stay tuned in our Telegram channel and Twitter.