The Ethereum price has cranked to a five-month high today. Furthermore, ETH issuance is the most deflationary since the Merge transitioned the protocol to proof-of-stake.

Ethereum prices have reached their highest levels since mid-September. The Hong Kong crypto hub narrative has buoyed markets, and Ethereum is riding the wave.

Ethereum issuance has also fallen to its most deflationary level since the Merge occurred in mid-September.

The current circulating supply of ETH is 120.49 million. It has decreased by 23,651 ETH or roughly $40 million since the Merge, according to the UltraSound.Money tracker.

(By Martin Young)

Get the latest news here: Cointime channel — https://t.me/cointime_en