Do you think Ethereum will break new highs and continue to rise?

ETH will break the high point of 4800

Currently, when it comes to ETH, it’s not up to Vitalik, nor the Ethereum Foundation; what counts is Wall Street

Tom Lee is a well-known strategist on Wall Street, and he successfully persuaded Cathie Wood to join the ETH camp

Wall Street, led by Cathie Wood and SBET (MicroStrategy for ETH), is crazily promoting ETH

Currently, Wall Street believes ETH has the following major advantages:

1. The current explosion of stablecoins represents Ethereum's ChatGPT moment, with over half of global stablecoins issued and about 30% of Gas happening on Ethereum

2. Institutions and large brokerage firms, like Robinhood's own public chain, are also developed based on Ethereum's underlying technology to map US stocks onto the blockchain

3. Companies like MicroStrategy, which are treasury-type firms, can use methods like issuing more shares, convertible bonds, and mergers to increase NAV leverage at low costs, and also create cash flow through staking and DeFi yields, indirectly demonstrating the maturity of infrastructure

4. Regarding the ETH price, Fundstrat's technical target in the short term is 4000; the fair value at the end of the year is in the range of 10,000 – 15,000 USD

5. Lee himself also stated: configuring ETH now is an effective path for corporate finances to achieve a 10x potential in USD

In short, Tom Lee has gone crazy, and the Wall Street he’s now lobbying is also going crazy. The current ETH has been elevated to heights unimaginable even by the original community; Vitalik’s words no longer count, Wall Street listens only to Tom Lee and Cathie Wood

This month ETH has risen 40% in a single month; with this bull market trend, we are waiting for ETH to break the historical high of 4800!

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