People will realize that $ETH is not dead & will come back to it eventually. It also occurs because of the recent Trump's win in US election.
Ethereum revenue is growing +130% and fee is growing +88% (annualized)
Not bad for the "dead" crypto.
The easiest way to access crypto for US president is by buying BTC & ETH from ETFs. That's why I see huge possibility that ETH goes upto $3.5k by the end of 2024 (if not, March 2025).
I guess that's the confirmation weekly candlestick that the smart money is starting to ape into the ETH.
This might not be an immediate spike effect but for sure, it's at a low risk with almost certainty trade I'm taking right now.
So yes, ETH will bounce back and start strong until...
They realize that $SOL better bet than ETH.
For the next 3 months, ETH will be on fire but SOL will be on top after that.
Believe me or not, we will see ETH right around $3.5k before March 2025.
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