Ethereum Price to $20,000: M2 Money Supply Insights
Ethereum Price to $20,000: M2 Money Supply Insights
The Global M2 Money Supply, a key indicator of the total amount of money in circulation, has witnessed a consistent ascent over the past year, establishing new record highs. Historically, this chart has been a critical tool for analysts forecasting Bitcoin's price trajectory, with many crediting it for predicting Bitcoin's recent climb to unprecedented levels, even reaching $124,400. The analytical spotlight has now shifted to Ethereum, as experts apply the same Global M2 Money Supply chart to project the altcoin's potential, suggesting it could soon breach the 5-figure mark. Global M2 Money Supply and Ethereum's Trajectory In a fresh approach to Ethereum price prediction, crypto and market analyst Ted Pillows has leveraged the Global M2 Money Supply chart. Through an insightful X post, Pillows overlaid the Ethereum price chart onto the Global M2 Money Supply chart, meticulously illustrating their comparative performance. The M2 money supply broadly includes physical cas…