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ETH Is Getting Harder to Find



Here's what nobody's talking about: Ethereum itself is shifting.

Pre-Fusaka reality check:
- Token burns were trending downward
- Layer-2 scaling wasn't pulling weight for ETH
- Supply kept creeping upward

Post-Fusaka flip:
- L2 transactions now eat into supply
- Indirect demand pressure builds
- Supply dynamics tighten up

The upgrade didn't just tweak mechanics—it rewired how scarcity works.
ETH4.34%
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MidnightTradervip
· 10h ago
I saw it coming a long time ago—L2 absorbing supply is much more reliable than the previous burn mechanism. Finally, it’s starting to feel a bit scarce.
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OnchainDetectivevip
· 10h ago
Wait, I need to take a closer look at this data... According to on-chain data, there was indeed an abnormal shift in L2 trading patterns after Shapella, but the question is—has this supply squeeze narrative been overstated? By tracking multiple addresses, I found that the real funding relationships depend on who is actually accumulating, not just the burn numbers. The obvious contradiction is here: if L2s are really absorbing supply, then the behavior patterns of large wallets should change, but the transaction flows I'm seeing... well, they're a bit suspicious. After analysis, this "ETH is hard to get" narrative might be a carefully crafted story. I've already identified a few suspicious liquidity addresses—will keep monitoring.
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quiet_lurkervip
· 10h ago
ngl, Fusaka really changed the game this time. I used to think ETH was just going to stay like that, but the supply was suddenly tightened.
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token_therapistvip
· 10h ago
Wait, hold on, can the supply absorbed by L2 after Fusaka really offset the previous inflation? I feel like it still depends on the trading volume...
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