$ETH

Ethereum enters Q3 2024 at a crossroads, balancing technological dominance with growing competition:

- **ETF Countdown:** Final SEC decision expected by September 30

- **Layer-2 Wars:** Arbitrum/OP Stack process 78% of all ETH transactions

- **Economic Shift:** ETH becomes deflationary (-0.5% supply growth post-Merge)

Critical Developments:

• **EIP-7732** (coming October) to overhaul block validation

• **$25B** now locked in restaking protocols

• Coinbase launches first ETH perpetual futures

Price at $3,450 faces:

✓ Upside: ETF approval = institutional floodgates

✓ Risk: SOL/BTC stealing market share

The next 90 days will determine if ETH remains Web3's bedrock or cedes ground to faster rivals.