Evil_PeKaR 🎭
@evilpekar
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Why Ethereum Is Unlikely to Reach a New ATH in the Next 2 Years
It’s a painful truth for many crypto folks — holding ETH bought at $2,000–$4,000 with dreams of seeing $10,000 per coin. That price target was never grounded in fundamentals — it was inflated by influencer hype during the era of an overloaded Ethereum mainnet and the early rise of L2s.
Looking back, it’s clear: Ethereum hit its all-time high ($4,878 in November 2021) during peak on-chain activity. It was the NFT boom, DeFi 2.0 hype, and massive gas wars. People were burning ETH left and right just to mint, farm, or participate in protocols. Transactions often cost $50–$200, and whales were buying ETH in bulk just to operate their farms. 1 reply
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