ETHEREUM HAS DOUBLED – WHY AM I STILL CONFIDENT ETH WILL BREAK ITS OLD HIGH? "No one wants to buy ETH at $4,000, but everyone regrets it when looking back at $10,000. Here are the reasons I remain bullish long-term on ETH, even though the price has doubled from the level I previously shared." Why is Ethereum Worth Noting Right Now? Not long ago, I wrote about Ethereum (ETH) when the price was around $1,700 - $1,900 and stated that this price was being undervalued by the market as "ridiculously cheap." Today, looking back, the price of $ETH has nearly doubled since that time. But even though the price has risen significantly, I am still very confident in ETH's upcoming prospects. In fact, I believe that ETH can completely break its previous ATH (All-time high) from 2021. There are 3 important reasons why I have such strong confidence. Reason #1: Cash Flow from ETFs – The "Vote of Confidence" from Major Funds Do you remember when ETF funds were continuously buying Bitcoin (BTC) at prices of $50k - $60k? At that time, many people were skeptical about their analysis and investment capabilities. But now, BTC has far surpassed the $100k mark, and everyone must acknowledge the long-term vision from those ETF funds. Interestingly, currently, ETF funds are repeating this scenario with Ethereum. Even though the price of ETH has doubled from below $2,000, they are still buying aggressively. You should ask yourself: "Why are the largest funds in the world willing to buy ETH when the price has already risen? Do they see something that we haven't noticed?" Large cash flows are never random. They have strategies, they have data, and they have a long-term vision. Their continued purchases of ETH are a very strong confirmation of Ethereum's future value. Reason #2: ETH/BTC Has Officially Reversed After 3 Years of "Hibernation" One of the simplest ways to know if an altcoin is strong is to look at the ETH/BTC pair. After 3 continuous years in a downtrend, ETH has finally shown signs of returning to a strong uptrend on the Daily timeframe. To put it simply, when the ETH/BTC pair rises, it means ETH is outperforming BTC. This only happens when large cash flows are gradually shifting from Bitcoin (a safe haven) to assets with higher growth potential like ETH. The last time ETH/BTC had such a strong reversal was at the beginning of 2021 – after which we witnessed an impressive growth year for Ethereum and altcoins. Currently, history seems to be repeating itself.
Reason #3: The "Genius" Act and the Surge of Stablecoin Cash Flow Another big piece of news has just been announced: the "Genius" Act in the U.S. has officially been passed, legalizing the use of stablecoins in the traditional financial system. Do you know why this is important? When stablecoins are fully legalized, it means that large financial institutions (banks, investment funds, traditional financial organizations) will have a "highway" to funnel their cash directly into the Crypto market through stablecoins. And guess which blockchain is the largest platform for stablecoins? It's Ethereum (USDT, USDC, DAI…). With nearly 70% of stablecoins operating on Ethereum, you can imagine how enormous the benefits will be for Ethereum when massive capital from large organizations flows into stablecoins.
What Scenario for ETH in the Coming Time? I want you to understand one thing clearly: This is not advice that you should buy ETH today. I write this article to help you understand why I am still very bullish on Ethereum – despite the current price having increased significantly. The three reasons above are the fundamental basis, the big story behind Ethereum. And this is the time you should start paying more attention, researching more about this asset before the market goes any further. Of course, in investing, technical analysis and proper market timing are always necessary – I will write in more detail about the technical factors and important price points in the next article.
What about you? - Do you believe ETH will break its ATH from 2021? Among the three reasons I just shared, which one do you find the most important and clear? If you're interested in analysis and deeper updates about ETH, please leave a short comment below to let me know. Your small perspective is also motivation for me to continue sharing more valuable information! Thank you for reading the entire post.
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