I am not a fan of #Ethereum - but as an investor, I cannot ignore what is happening "under the hood". Even though the price of Ethereum often does not keep up with the expectations of speculators, the fundamentals are going through the most dynamic period of development in the history of the project.
An increasing portion of the supply is going to staking contracts, which means that #ETH is realistically "disappearing" from exchanges and order books - and this means that with a sudden return of demand in the market, #krypto may be drastically fewer coins available, which increases the risk of a classic supply shock and a sudden upward movement.
Meanwhile, the network shows record condition: activity and throughput are increasing, and the entire market continues to base its most important segments on Ethereum - #DeFi , liquid #staking, and Layer 2 (Arbitrum). If these sectors grow, the real utility of the base layer and demand for blockspace also grows.
Additionally, there is the #RWA trend - Ethereum is increasingly treated as a settlement layer for the tokenization of traditional assets, which shifts the narrative from "currency" towards infrastructure for finance. And most importantly, unlike empty projects, Ethereum has real users and real revenue from network fees, which is a strong argument for long-term investment.
🚀 When it comes to 2035, in a simple scenario model (based on the bottom of 2020 → today + considering macro cycles/Kondratiev, #ETFs, and possible clarification of regulations in the #USA) I see 3 ranges: cautiously ~$11k, baseline ~$27k, aggressively ~$75k for 1 $ETH #Kryptowalutt $ARB $LDO
