Posted 12/20/2023, 6:45:00 AM
Ethereum Fundamentals Strong Despite Recent Price Retreat; Upgrades, ETF Potential Could Fuel Future Growth
- Ethereum prices retreated recently but fundamentals remain solid, with over 100% growth since June 2022 lows
- Potential Ethereum ETF approval in 2024 could propel prices higher
- Upcoming Dencun upgrade in March/April will improve scaling and lower layer-2 gas costs
- Non-EVM layer-2s launching, crypto gaming moving to layer-2 will expand ecosystem
- Real-world asset tokenization on Ethereum gaining momentum, bringing more traditional finance on-chain