ETH's rally from $3,300 to $7,000 (~2.1x) can be compared to the late stages of BTC bull cycles, where it doubled due to institutional interest and limited supply.

Parallels to BTC:

• Institutional Interest: ETH is heavily used in DeFi and NFTs, which is similar to the growth in BTC demand in 2020-2021.

• Supply Cap: ETH's move to PoS reduces the issuance, similar to the effect of the BTC halving.

• Macro Factors: Both assets benefit from inflation and integration with traditional finance.

While ETH's 2x rally is less impressive, it is similar to the mature phases of BTC's rally, especially on institutional trends.

Do you think ETH can replicate BTC's fantastic growth?