$ETH by 2025 for ETH is not just a season, but a potential period of consolidation before the next impulse. The main drivers are scaling through danksharding, an influx of institutional investors after ETF approval, and increased activity in L2. But the key is how ETH will cope with competition. If gas on major DApps skyrockets again, activity will shift to alternative networks, which will hit the fundamentals.

The market is waiting for a clear signal: either consolidation above $2500 with an increase in TVL and volumes, or a return to levels of $2000–$2200 during a correction. We work from the level and based on the situation, not on hope.