I was analyzing the current situation of ETH and we have things against and in favor.

Against:

- Slow and Expensive Network

- Inflationary (approximately 0.75% annually)

- It hasn't surpassed the highs of 2021 again

- Poly Markets estimates that there is only a 17% chance of reaching a new ATH in 2025.

In Favor:

- Blackrock, Grayscale, Fidelity, and other big players have launched ETH ETFs.

- 51% of the total value locked in DeFi projects is in ETH.

- Despite everything, it still has a market cap of 213B and is number 2.

- 50% of circulating USDT runs on Ethereum.

My conclusion is that of course, if I were a developer and had to create a project, I would NOT do it on Ethereum. But at the same time, the large institutions mentioned above are investing in ETH, and they know something that we don't. Therefore, it is a matter of following the smart money.

I don't think it will reach a new ATH this year, but I believe it will reach 4K.