According to the latest industry data, the Ethereum (ETH) market has recently experienced a serious imbalance between supply and demand. Since mid-May of this year, exchange-traded products (ETP) and listed companies have collectively purchased approximately 2.83 million ETH, while the Ethereum network has only issued 89,000 ETH during the same period. This means that market demand is actually 32 times the actual supply.

This astonishing supply-demand gap is considered by industry experts to be the main driving force behind the recent surge in ETH prices. Such a massive demand shortfall not only reflects institutional investors' strong interest in Ethereum but also highlights the current level of activity in the cryptocurrency market.

It is worth noting that this supply-demand imbalance may continue to support the price of ETH in the short term. However, in the long run, the market will eventually seek a new equilibrium. When making decisions, investors should consider not only this short-term trend but also the technological development of the Ethereum network, the overall market environment, and other factors.

With the continuous development and improvement of the Ethereum ecosystem, its applications in decentralized finance (DeFi), non-fungible tokens (NFTs), and other fields are also expanding, which will undoubtedly further stimulate market demand for ETH. However, we must also be vigilant about the potential price bubble and market risks.