Posted 12/5/2023, 5:02:00 AM
Ethereum Poised for Major Bull Run with Burning Supply and Untapped Demand Driving Prices Toward $10k
- Ethereum remains undervalued at current prices compared to Bitcoin's gains, with ETH down 54% from its all-time high
- Ethereum is highly profitable, generating $2.7 billion in annualized revenue with a P/E ratio of 98
- Ethereum supply is deflationary thanks to the Merge, with over 293k ETH burned since September
- Ethereum offers fundamentals like proof-of-stake, ESG benefits, and potential for a spot ETF driving further demand
- Analysts predict Ethereum will "explode upwards" in price to $10k+ as sidelined investors rush back in, fueling a bull run