ETH is testing the $2,800 area. The price chart is only part of the story.
Here are 3 metrics I’m watching:
1. Ethereum ETF flows
US spot Ethereum ETFs recorded about $162.2M in net inflows on September 22, following $270M on September 21. That gives us a useful read on institutional demand, although two strong sessions alone don't establish a long-term trend.
2. Layer-2 activity
Ethereum's scaling ecosystem is becoming increasingly important to the network's economics. A September 21 snapshot put L2 TVL at around $40.4B. The important question isn't simply whether L2 TVL rises, but how much activity and settlement demand it ultimately creates for Ethereum.
3. ETH supply and burn
This is where things get interesting. Lower fees can mean less ETH is burned, so growing network activity doesn't automatically translate into greater deflation. We need to watch gas usage, base fees, ETH burned and issuance together.
The takeaway: ETH's next phase isn't just about whether price breaks $2,800. I'm watching whether institutional demand, ecosystem activity and ETH's supply dynamics are moving in the same direction.
Which of these three would you watch most closely?
$ETH #Ethereum #Crypto #DeFi
Here are 3 metrics I’m watching:
1. Ethereum ETF flows
US spot Ethereum ETFs recorded about $162.2M in net inflows on September 22, following $270M on September 21. That gives us a useful read on institutional demand, although two strong sessions alone don't establish a long-term trend.
2. Layer-2 activity
Ethereum's scaling ecosystem is becoming increasingly important to the network's economics. A September 21 snapshot put L2 TVL at around $40.4B. The important question isn't simply whether L2 TVL rises, but how much activity and settlement demand it ultimately creates for Ethereum.
3. ETH supply and burn
This is where things get interesting. Lower fees can mean less ETH is burned, so growing network activity doesn't automatically translate into greater deflation. We need to watch gas usage, base fees, ETH burned and issuance together.
The takeaway: ETH's next phase isn't just about whether price breaks $2,800. I'm watching whether institutional demand, ecosystem activity and ETH's supply dynamics are moving in the same direction.
Which of these three would you watch most closely?
$ETH #Ethereum #Crypto #DeFi