Ethereum Price Could Reach $5,500 as Staked Supply Remains High

Ethereum prices surged past the $4,950 mark in August before retreating below $4,300. However, a combination of structural scarcity and investor activity suggests further growth potential. More than 70% of Ether’s total supply remains staked or locked away for long-term purposes, creating a tight supply that analysts believe can support prices even as short-term volatility persists. This is supported by rising Binance ETH reserves and continued large whale activity, despite recent price drops.