Ethereum Prices Close on $1,600 as Issuance Turns Deflationary

Ethereum prices have surged to their highest levels for ten weeks. Additionally, ETH issuance is back in the deflationary territory as network demand ramps up.

Ethereum prices closed in on $1,600 during the morning of Jan. 16. Building further on weekend gains, ETH tapped its highest price since Nov. 8, reaching $1,589 this morning.

The asset has made 3% over the past 24 hours and was trading at $1,568 at press time. Furthermore, ETH has gained more than 30% over the past fortnight. It has…


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