Ethereum

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.

- 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.

🔹2) EIP 4844 Upgrade (Proto-Danksharding):

- Part of the Ethereum Cancun upgrade, EIP 4844 introduces Proto-Danksharding to reduce gas fees & increase transaction throughput.

- 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.

They indicate growing institutional interest & technological advancements focused on scalability, security, and cost-efficiency.

These developments could have a considerable impact on the price of $ETH

🔹Conclusion:

The potential approval of the Ethereum ETF by BlackRock from SEC and the EIP 4844 upgrade are bullish catalysts for $ETH