$ETH **$ETH: The Quiet Outperformer**

Ethereum is brewing a major breakout as institutional interest surges:

1. **ETF Catalyst** – BlackRock’s ETH ETF application progresses, with a 75% chance of approval by 2025 (Polymarket).

2. **Deflation Accelerates** – Post-Merge supply is down 450K ETH ($1.5B), tightening markets.

3. **Layer-2 Boom** – Arbitrum, Base, and Starknet hit record activity, driving gas fee revenue back to ETH holders.

*Price Outlook*: A close above $3,600 confirms bullish momentum toward $4K+. With staking yields (3.5%) and DeFi APYs (5-10%) attracting capital, ETH is poised to flip BTC’s dominance in Q3. **The sleeping giant is waking.