Everyone wanted $ETH ๐ at $5K last cycleโฆ now the market barely talks about it. ๐
#ETH has pushed back above $2,700, recovering more than 12% from the recent low around $2,400.
During the previous bull market, expectations for ETH were huge. Many were calling for $10K, but ETH eventually failed to break the $5,000 area.now it's recalling that $5k again...
This cycle feels different. Attention has moved heavily toward BTC, SOL and newer tokens, while ETH seems to have lost some of that hype.
But the fundamentals havenโt disappeared.
Ethereum is still one of the main foundations for DeFi, stablecoins and tokenized assets. Its network uses ETH for gas, while part of the base fee is burned.
So Iโm not interested in putting an early ceiling on this move at $2,800 or $3,000.
The bigger thing Iโm watching is whether ETH can outperform BTC and eventually reclaim its previous cycle high.
If that happens, the conversation around ETH could change very quickly. ๐
Sometimes the asset everyone ignores becomes interesting when the trend starts proving itself.
#trend #BullRunAhead
#ETH has pushed back above $2,700, recovering more than 12% from the recent low around $2,400.
During the previous bull market, expectations for ETH were huge. Many were calling for $10K, but ETH eventually failed to break the $5,000 area.now it's recalling that $5k again...
This cycle feels different. Attention has moved heavily toward BTC, SOL and newer tokens, while ETH seems to have lost some of that hype.
But the fundamentals havenโt disappeared.
Ethereum is still one of the main foundations for DeFi, stablecoins and tokenized assets. Its network uses ETH for gas, while part of the base fee is burned.
So Iโm not interested in putting an early ceiling on this move at $2,800 or $3,000.
The bigger thing Iโm watching is whether ETH can outperform BTC and eventually reclaim its previous cycle high.
If that happens, the conversation around ETH could change very quickly. ๐
Sometimes the asset everyone ignores becomes interesting when the trend starts proving itself.
#trend #BullRunAhead
