Ethereum’s consolidation mirrors Nvidia’s pre-AI breakout, hinting at major upside.
Stablecoin adoption may trigger Ethereum’s next explosive growth phase soon.
Layer 2 scaling and rising utility boost Ethereum’s position for a breakout.
Ethereum, the world’s second-largest blockchain, may be on the brink of its biggest breakout yet. According to market watchers, the explosive growth of stablecoins on the Ethereum network could be the long-awaited trigger for a massive, NVIDIA-style price rally.
Nvidia’s Breakout: A Blueprint for Ethereum?
Nvidia’s story offers a useful comparison. According to Crypto Rover, an analyst analysis, before 2023, Nvidia’s stock price moved mostly sideways, showing little momentum. Then came the AI revolution, marked by ChatGPT’s massive public adoption.
As the demand for GPUs exploded, Nvidia’s share price rocketed from below $20 to more than $160 (split-adjusted). This eightfold increase happened because a sudden, massive demand surge hit a technology that was already built and ready. Nvidia’s hardware was already powering AI workloads, so it became the go-to supplier overnight. Ethereum could be in …
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