“Past performance is no guarantee of future results” – We all know this famous phrase…
Nonetheless, Ethereum still has a very bright future in the next decade.

*Why I’m bullish on Ethereum:*
– Every competing “superior” and newer blockchain (Fantom, Avalanche, Harmony, …) includes EVM ( Ethereum Virtual Machine) Compatibilty.
– These types of products that are always compared with often have a long future, because they are the golden standard every competing company wants to be ( Apple , Bitcoin , Tesla , …)
– Ethereum’s transition to PoS will ensure lighter regulation compared to PoW Blockchains in the coming years, where sustainability and net zero emission is a core element of the global agenda.
– Bankers & Wallstreet LOVE Ethereum because it is the backbone of every major DeFi Application that replaces traditional Financial Instruments (AAVE – Lending, UMA – Insurance , SNX – Derivatives, UNI -Exchanges, DAI – Stablecoins, LINK – Infrastructure, YFI – Asset Management)
– The majority of the Web3 Economy builds upon Ethereum (Metaverses, DAOs)
– ERC-721 (NFT’s) are revolutionizing the art market.
– ERC-1155 is revolutionizing the entire gaming Industry. (Enjin, Axie)
– It is completely open source.

*Possible bearish scenarios:*
– Eth2.0 (if it ACTUALLY ever launches) is completely underwhelming.
– Cryptocurrency gets banned in the United States as well.
– “Black Swans” (Pandemics, Terrorism, War)
– Vitalik Buterin gets caught in money laundering (?) and his holdings will be confiscated by the government.
– Satoshi Nakamoto returns from the dead and dumps his entire BTC stack on the market, which will drag Ethereum with it.
– Ethereum gets exploited.
– Global Internet outage.

To wrap it up: I’m bearish in the short term due to the extreme correlation with US Stocks and ETFs. ETH is still completely overbought on the monthly chart.
I’m looking at price levels around $1’200, if there is a black swan event, even around $700 is a possibility.

I hope you enjoyed my thoughts and analysis on Ethereum . May the fortune be with you 🙂

-CYANE