
SWE, DeFi
10 Followers
Roaring into the Year of Dragon, Ethereum has been a laggard against Bitcoin and several other big caps. Here are some of the catalysts to look forward to: 1) Ethereum ETF final deadline in May 2) Eigenlayer restaking narrative 3) Make EVM chains cheaper to use compared to other non EVM chains
Ethereum will allow institutions and the masses to get direct $ETH exposure. Sure, there may be selling from Greyscale potentially. However, this would probably be short lived as asset managers can now allocate a portion of their portfolio to $ETH.
The liquid restaking narrative will demand more Ethereum to be locked up as more people want to get a higher APY on their ETH. This will bring down the available supply on the markets. What happens when there is less supply and more demand on the market? 🚀
LFG! Thanks for the warm welcome!