Ethereum Records First Deflationary Day! Can Depleting Supply Push $ETH to ATH

Ether ($ETH), the second-largest cryptocurrency managed to breach $4K resistance briefly for the first time since posting ATH of $4,362 in May. However, it could hold onto its gains that fell right after, currently trading at $3,934. The altcoin started its path to recovery along with Bitcoin starting in August and gained momentum post-London Hardfork.