Ethereum Is Back, Baby! | Web3 Daily

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You already know the saying “comparability is the thief of pleasure”?

For those who’re an Ethereum holder — that saying would possibly hit a bit of too near dwelling.

Bitcoin has been pumping, whereas Solana has been on an absolute tear…and certain, it’s not like ETH has been doing poorly…

It simply hasn’t been doing as nice by comparability.

Effectively, that ends immediately. Thanks to those three elements:

• Close to time period — ETH is on a run! It’s up 11.46% previously 7 days (in comparison with BTC’s +4.30% and SOL’s +1.87%).

• Medium time period — A call shall be made on a possible Ethereum ETF on Might twenty third. Whether or not we see an approval or denial, the narrative will seemingly carry costs within the lead as much as the announcement.

• Long run — The Ethereum 2.0 replace (aka ‘The Merge’) caused price burning (i.e. for each transaction that’s made, a bit of little bit of ETH is destroyed).

  Which implies the extra ETH that’s traded, the scarcer it turns into.

  To date, Ethereum’s provide has been shrinking at -0.2% per yr (whereas Bitcoin’s is inflating at +1.67%), which is a stable begin — however, bonus:

  ETH’s burn charge will solely improve because the bull market units in and people commerce extra.

  (Making it a double-whammy of constructive narrative and fundamentals).

We like to see it!