In the world of cryptocurrencies, projects differ between coins for payments and others for speculation, but Ethereum stands in a class of its own.
It is not just a digital asset, but a comprehensive infrastructure for a financial system and a coming decentralized internet.
Since the transition to the Proof of Stake mechanism, ETH is no longer just a medium for fees or trading, but has become a yield-generating tool, as its holders participate in securing the network and are rewarded for it, adding a long-term investment character to it.
The ETHUSDT pair currently shows a sideways pattern with strong resistance at levels of $1,800. With the increase in the volume of active smart contracts and rising demand for L2 solutions like Arbitrum and Optimism, we can expect an increase in network activity and thus a future upward buying pressure.
Institutions have started to watch Ethereum not as speculation, but as a gateway for investment in the infrastructure of Web3.