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🔥$6,000 $ETH is inevitable.
Here’s why:
The amount of ETH held in wallets has decreased from 90 million in 2021 to only 77 million today.
That means 20% of the supply is no longer ready to hit the market: a massive reduction in selling pressure.
At the same time, ETH has quietly transitioned from inflationary to deflationary since September 2022.
- Improved UX/UI with Pectra
- Cheap and fast L2s are already available
- Gasless transactions and smart wallets with account abstraction are being implemented
- Staking has unlocked a whole new layer of yield and an economic security market.
- Institutional adoption is real: BlackRock, Franklin, and VanEck are building on Ethereum
- Tokenization is finally happening on-chain (U.S. Treasury bonds, real estate, private credit)
- ETH is now the base layer for real-world capital flows
- DeFi infrastructure is battle-tested
- L2 activity is accelerating
- Staking is massive and most of it is sticky.
- ETH is deflationary (remember)
- Supply on exchanges is dwindling (remember that again)
Sentiment around ETH?
This is only getting worse.
And that’s exactly what makes it so bullish.
At this point, the fundamentals have never been stronger.
It’s not a narrative play: it’s a structural shift.
People can believe all the fear, uncertainty, and doubt they want, but most of it is hot air, born out of frustration.
They’re tired of holding ETH and looking for reasons to sell instead of reasons to buy.
But the facts say otherwise.
And sentiment? It changes quickly, especially after the big green control candle...
A new ETH surge could become parabolic.
The most hated manifestation.
