Ethereum is getting ready to fly again

21 ส.ค. 2021

While Ethereum's ecosystem competitors such as Solana and Cardano have set ATHs in the past week, Ethereum has remained stable, floating between $2950 and $3300 after a 70% increase in the past month. Not too shabby but behind the other ecosystems. It is not a surprise considering the hype and launch behind EIP-1559 that it then needed a bit of a rest. It is still about 33% away from its ATH set back in May and I believe it is getting ready to take off yet again in the coming week or so.

DeFI has shown strong gains with Luna, Solana and now AVAX going crazy, so the fervor and FOMO is there. Ethereum after a solid end of July and beginning of August is now a prime target considering it is now undervalued compared to its peers. It is the king of smart contracts and the eventual heir to Bitcoin's throne as the market leader. I see 10k as a strong possibility at the end of 2021 (Vitalik's 30k might be a bit far-fetched though I would take that too).

Good luck trading!