The bull case for $ETH and why this time it's different:
1. $140B+ in stablecoins & $10B+ in tokenized RWA
2. An official marketing/BD arm
3. Widespread adoption
4. Multiple ETH treasury strategies
5. Regulatory approval + pro crypto administration
6. EF reorg & cultural shift

Ethereum didn't have any of the above between 2015-mid 2024. If anyone ever asks why you're bullish on ETH and the investment thesis behind it, tell them to study this image (it's kind of large so be sure to zoom in).

ETH is severely undervalued simply because in the last decade Ethereum didn't bother to market itself when:
1. The infra wasn't ready yet
2. It had minimal adoption in a hostile regulatory environment
3. The rest of the crypto space was shilling vaporware/PnDs/memes

The circumstances have completely changed now, and TradFi is JUST starting to understand Ethereum as institutional adoption picks up. Smart money has already realized Ethereum is the next evolution of the web, financial infrastructure, and digital economy.