Some price action facts of ETH Is supply drive demand? Not necessarily, Supply is only one factor of the demand, other major factor is adoption. Price action is always an auction method. And the driver of the auctions are buyers and sellers. If the buyer is less and the sellers are more prices will fall, nothing to do with the availability of the commodity on that time. *Scarcer commodities with higher adoption will drive the demand which will create higher price auctions.* Market: Crypto markets are still in the niche area of adoption. In the case of Crypto, why cryptocurrency price drive high in 2020 -2021 is not the adoption of the technology, but availability of the cash in the market. FED pumped 16 trillion to the market, and many of them came into the market, driving the price up otherwise known as inflation. Prices in stock/cryptocurrency all are inflated price. Not the adopted demand price. So right now, FED reduced the cash flow, and price will eventually come back to 20...
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