ETH price

The market has entered a low-volume phase again over the weekend. Currently, in terms of shorting, BTC and ETH have not broken through key support levels of 106500 and 2380. After multiple profitable trades, the profits have rolled back. I will hold the short position until Sunday afternoon to see what happens, especially since the market has started to shrink in volume. I will continue to wait! The current rebound is all an illusion, so don't be fooled.

@VitalikButerin continues to do great and important work in the @ethereumfndn context, so he remains very present. But the tone has massively shifted as the re-architected EF is moving fast and purposefully in important directions. It is great to see this latest version of the EF reformat itself to energetically address the new context: the mainstreaming of Ethereum. In addition to the growth of native Web3 applications, this is taking the shape of major financial institutions and enterprises in various sectors, nation states and sovereign wealth funds getting serious at scale about Ethereum as the emerging global decentralized trust foundation, as Web3 -- the re-decentralized WWW, and as the canonical global digital asset settlement platform. The EF is indeed firing on all cylinders, and adding more important cylinders responsively as the paradigm shift accelerates.

$ONDO IS RWA $SUI IS THE FRESH L1 $SOL IS MEMES $ETH IS SMART CONTRACTS. $HBAR IS CORPORATE WHAT'S MISSING?

EOY 2025 Ethereum Price Scenarios (Current Price: $2,400) Repricing the ETH Thesis in a Fear-Driven Market Recalibrated Core Metrics: Annualized Protocol Revenue: ~$7.3B (Source: Token Terminal) Circulating Supply: ~120.1M ETH (Source: Etherscan) Implied P/S Multiple: At $2,400, ETH trades at ~40x P/S — a level that reflects high uncertainty and defensive positioning. This revised baseline reframes our forward-looking price bands within a market pricing in fear, not fundamentals. A. Bear Case — "The Washout" Narrative: ETF demand evaporates. Macro risk-off dominates. On-chain activity contracts, and forced liquidations cascade. The crypto market enters a new downcycle led by capitulation, not valuation. Assumptions: Fee Revenue: -20% → $5.84B P/S Multiple: Contracts to 25x Price Target: → ($5.84B × 25) / 120.1M = $1,216 Implication: A break of structural support. ETH trades near cycle lows, despite underlying infrastructure improvements. Institutions step back. Retail exits. B. Base Case — "The Slow Re-Accumulation" Narrative: ETH finds equilibrium. $2,400 proves to be a long-term accumulation zone. Institutional inflows persist at a measured pace. On-chain revenue gradually improves with ecosystem stability and renewed developer activity. Assumptions: Fee Revenue: +15% → $8.40B P/S Multiple: Recovers to 45x Price Target: → ($8.40B × 45) / 120.1M = $3,147 Implication: A measured repricing. No hype-driven surge, but steady conviction rebuilds. ETH regains momentum as a productive, institutional-grade asset. C. Bull Case — "The Spring-Coil Effect" Narrative: The market has overshot to the downside. ETH supply is thin across exchanges. A macro or sector-specific catalyst—such as regulatory clarity, AI-on-chain, or explosive ETF inflows—releases pent-up demand. The market re-rates ETH rapidly. Assumptions: Fee Revenue: +50% → $10.95B P/S Multiple: Expands to 60x Price Target: → ($10.95B × 60) / 120.1M = $5,470 Implication: This is a sharp and aggressive rally—reclaiming new highs not through hype, but by a fundamental mismatch between price and on-chain performance. The Analyst’s Thesis: At $2,400, ETH is trading at pessimistic multiples last seen during distressed phases. But the fee base remains strong, and institutional structures (ETFs, staking, custody) are in place. This creates clear asymmetry: Downside to Bear Case: -49% Upside to Base Case: +31% Upside to Bull Case: +128% The setup favors accumulation, not euphoria. The repricing is a function of fee trajectory and capital rotation—not hope. This is the new post-hype reality. And that’s where disciplined capital wins.

I have several predictions for the second half of 2025, each of which seems impossible to achieve. How many do you think can be realized? 1. BTC rises to 150,000 2. ETH reaches an all-time high 3. The altcoin index total3 hits an all-time high 4. ETH/BTC bottoms out 5. Gold falls below 3,000