TL;DR
Full Story
You realize the saying “comparability is the thief of pleasure”?
In the event you’re an Ethereum holder — that saying would possibly hit a bit of too near residence.
Bitcoin has been pumping, whereas Solana has been on an absolute tear…and positive, it’s not like ETH has been doing poorly…
It simply hasn’t been doing as nice by comparability.
Nicely, that ends at the moment. Thanks to those three elements:
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Close to time period — ETH is on a run! It’s up 11.46% previously 7 days (in comparison with BTC’s +4.30% and SOL’s +1.87%).
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Medium time period — A call will probably be made on a possible Ethereum ETF on Might twenty third. Whether or not we see an approval or denial, the narrative will probably raise costs within the lead as much as the announcement.
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Long run — The Ethereum 2.0 replace (aka ‘The Merge’) caused payment burning (i.e. for each transaction that’s made, a bit of little bit of ETH is destroyed).
Which implies the extra ETH that’s traded, the scarcer it turns into.
To this point, Ethereum’s provide has been shrinking at -0.2% per yr (whereas Bitcoin’s is inflating at +1.67%), which is a strong begin — however, bonus:
ETH’s burn price will solely enhance because the bull market units in and people commerce extra.
(Making it a double-whammy of constructive narrative and fundamentals).
We like to see it!