To be super bullish on $ETH, I want to see:

1) Scaling the L1 for DeFi, transfers between L1 and L2, and larger traders
2) Tax L2s
3) Make interacting with L2s as if they were a single network
4) Shift from an "infinite garden forest" to a Cypherpunk mindset, pushing for privacy and a censorship-resistant future
5) Strong & transparent leadership from Ethereum Foundation

Signs of progress are evident in all areas except for taxing L2s.

Calisthenics, reading, cooking, travelling.

Be specific.    
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Privacy, censorship resistance, and clear leadership = long-term strength. 🏗️

The fragmentation of liquidity across different L2s was a real bearish case for $eth. Unifying all the chains somehow would be a major step in the right direction.