ETH surpasses the $3K mark
Since before February, this milestone was last achieved in April 2022.
Is it possible we'll witness a gradual ascent leading up to the tentative approval date for the ETH ETF on May 31st?
Polymarket currently estimates a 45% likelihood of approval.
Factoring in Blast rewards and various other airdrops, the first half of 2024 could conclude with significant momentum.
The reduction in ETH supply can be attributed to the implementation of fee burning mechanisms combined with ETH's relatively low annual issuance rate.
The surge in ETH demand is driven by the expansive range of activities available on Ethereum and its Layer 2 solutions, alongside the anticipated influx of interest from ETF investors.
Given this scenario, how do you foresee the impact on ETH's price?
Prepare for an interesting ride.
