Matthew Sigel, head of digital asset research at VanEck, stated that if the relevant dynamics of Ethereum remain unbalanced, adopting the Layer2 network could potentially cause Ethereum to lose trillions of dollars in potential market value in the coming years. The analyst posted on the X platform on Thursday stating that Ethereum's "constantly changing fundamentals indicate the need to update the model. Sigel wrote that if "current reality" is reflected, Ethereum's price forecast will plummet 67% to $7300 instead of climbing to $22000 by 2030. VanEck's model takes into account the expected growth in total locked value of Ethereum, reflecting the value of assets used in DeFi applications. The model also takes into account the amount of Ethereum consumed by the network - burnt Ethereum or Ethereum that has been withdrawn from circulation due to transaction fees. @rudolf