Will Ethereum rise above $8,000 in the future?
The ecosystem may be changing quietly.
I said more than a week ago that Ethereum will have a rebound. The basis for the rebound is the formation of a small-scale bottom structure on the daily line.
And unlike Bitcoin, Bitcoin forms a top on the daily line at a large level. In this case, there is a high probability that it will rebound to the same level.
On the other hand, the consumption of Ethereum has increased significantly in recent weeks, and the ecosystem is also making subtle changes.
In addition to the well-known NEIRO and lowercase neiro, Ethereum's DAPP transaction volume has recently increased by 21.9%, and TVL is also increasing, which means that the consumption of Ethereum is increasing, which is the basis for standing firm at 2,600U, which will also indirectly bring confidence to ETF investors. In the past two rounds of bull markets, Ethereum's growth rate was higher than Bitcoin's, because Bitcoin only has the value of storage and consensus assets, and Ethereum's ICO in 2017 set off a wave of asset issuance, which made investors crazy. However, with the end of the bull market, the Ethereum ecological narrative was rebuilt, and people returned to the relatively safe consensus asset BTC. In September 2019, there was a small reversal of the ETH/BTC exchange rate. After stepping on 0.025, it never came down again. At that time, the DEFI narrative was generated. One year later, DEFI SUMMER came, bringing a new round of Ethereum and copycat bull markets. Then the new Ethereum that has been built has broken the bottlenecks of EVM compatibility, from contributing to the underlying security through re-staking, to guaranteeing performance through many second-layer chains, and then to EVM compatibility. It was originally thought that the completion of these infrastructures was just a bow and arrow, but the traffic and applications did not explode. Are they waiting for a quantitative singularity? Will this singularity happen next and will history be repeated? If you are still confused about how to operate and want to accurately grasp the entry, 👉🐷 follow Da Piaoliang, which updates the best information and spot contract strategy sharing in real time every day!
