📢 Is ETH on the way to $4,000? New data encourages holders
Recently, analysts have highlighted a possible bullish movement for Ethereum (ETH) due to increasing institutional interest and the reduction of circulating tokens thanks to the burn mechanism (EIP-1559). Additionally, with a potential market rebound following the FED's decisions in the U.S., many believe that ETH could approach $4,000 again.
Personally, I continue to accumulate ETH little by little whenever it corrects, because I believe that the ecosystem supporting it (DeFi, NFTs, L2s) remains one of the strongest. This is a medium-term play for me.
What do you think? Is ETH undervalued or has it already given all it can?
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