Ethereum’s price has surged back up to reclaim the $2,395 support level. However, there are concerns about potential inflationary pressure with the launch of Unichain. This development has raised some uncertainties about the future price of ETH.
Investors are closely watching how the market will react to the launch of Unichain and its impact on Ethereum’s supply and demand dynamics. The launch of Unichain could potentially lead to increased inflationary pressure on Ethereum, which may affect its price in the near future.
Despite the recent price increase, Ethereum’s price forecast remains uncertain as investors navigate through the potential risks associated with Unichain’s launch. It is important for investors to closely monitor market developments and adjust their investment strategies accordingly to mitigate any potential risks.