Ethereum kick-starts new deflationary era as ETH price looks to retest $4,000

  • Ethereum price holds steady above the $3,000 psychological level, as it eyes higher highs.
  • ETH worth $183 million was burned after the London hard fork ushered in a new era of deflation.
  • On-chain metrics show little-to-no resistance levels, hinting at a bullish outlook for the altcoin.

Ethereum price is currently experiencing a pullback after attempting to rally through a thicket of resistance barriers. However, the retracement seems to be holding above a crucial…


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