Ethereum has a total supply of 118 million tokens, 7.7 million of which are earmarked for its conversion to Proof-of-Stake (PoS). When all inaccessible tokens are removed from the total ETH in circulation, there are approximately 84.6 million tokens left. The enormous ETH supply pressure, combined with the euphoria around Metaverse and DeFi, will progressively lift the price action to $10k by Q2 2022.