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vsck
@vsck
I wouldn’t be surprised if $ETH hits $2500 -> $3000 in the coming weeks, here’s why; 🔹 1) BlackRock's Ethereum ETF: - BlackRock, the world's largest asset manager, has filed to list an Ethereum ETF that would track ether directly.
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vsck
@vsck
- This shows a deepening commitment to crypto by BlackRock and indicates growing institutional interest in Ethereum. - Approval of this ETF could significantly impact $ETH, as seen from the price surge following the announcement yesterday. - The ETF would require holding ether, potentially increasing demand & price.
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vsck
@vsck
🔹2) EIP 4844 Upgrade (Proto-Danksharding): - Part of the Ethereum Cancun upgrade, EIP 4844 introduces Proto-Danksharding to reduce gas fees & increase transaction throughput.
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vsck
@vsck
- Benefits include improved scalability, security, and user-friendliness for developers and users. - Reduced fees and increased throughput benefit Layer-2 networks like Optimism and Arbitrum. $OP $ARB - Layer 2 rollup costs expected to decrease significantly, marking a new era of low-cost on-chain activities.
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vsck
@vsck
🔹Conclusion: The potential approval of the Ethereum ETF by BlackRock from SEC and the EIP 4844 upgrade are bullish catalysts for $ETH
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sio
@sio.eth
May you explain in a non-dev way what the EIP-4844 is about? Asking for a friend because I couldn't explain it really well.
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rixcian
@rixcian.eth
It will simply lower fees on L2s. Each block will have extra 0.35MB to 0.75MB space only for L2 txs. More L2 txs will fit into one L1 block which makes them cheaper.
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sio
@sio.eth
Gotcha, that makes sense and easy to explain! Thank you 🙏🏼
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