is eth still attractive to buy?
Currently eth is at a price of 3400$. Many think eth tends to be bearish even though it has received etf approval in July 2024. Unlike btc spot etf, eth spot etf is less popular with investors. However, in the last few days the inflow of eth spot etf has started to increase from various institutions. Led by blackrock with its ETHA, blackrock currently holds 3.4 billion dollars of eth based on farside investor data. Various feature additions have also been made by eth to reduce gas fees in its network. Namely eth decun upgrade. The next upgrade for the Ethereum network, namely the Prague/Electra upgrade abbreviated as Pectra, is expected to bring significant scalability improvements to Ethereum by integrating sharding technology and Layer 2 solutions such as rollups. In addition, security and stability will be improved through advanced cryptographic methods and improvements to the Proof of Stake (PoS) protocol. Ethereum's Pectra upgrade is scheduled to launch between late 2024 and Q1 2025. Given the continued upgrade, various eth layer-2 ecosystems will be very attractive to buy such as $STRK , $ALT, $ARB, $MANTA, $OP , and various other layer-2s in the eth network. And various meme coins play eth will also be very attractive to buy such as $PEPE , $MOG, and various other meme coins. Based on the analysis results, eth will be very attractive to buy in the price area of 3000$-3400$.
