Ethereum is the second largest currency in the crypto world. It is the king of public chains, and its unique position in Defi, RWA, Stablecoins, and NFT niches is not questionable. Although in the recent bull market when Bitcoin hit the news or surged from its previous position Ethereum did not perform very well and was not able to reach the previous high.
Reason 1:
Did you know that in the global financial market, there are various crypto whales especially Wall Street forces are deeply involved with Ethereum? No other public chain has such infrastructure or acceptance that Ethereum brought to the world. Ethereum already grabbed a large amount of money and is prepared for a rise but waiting for specific market conditions.
If you do not consider Ethereum the next big player, you do not understand the global financial markets and crypto market. In the next bull market, ETH will be the first to reach the moon.
Reason 2
Are you aware of Finance 2.0, do you know that ETH has huge room for development? Many businesses around the world want to use ETH as the infrastructure to carry web3-related business. Secondly, Ethereum ETF is not suitable for staking income because of huge management fees. So, this is also the reason why people will bring massive liquidity to the Ethereum system. When this happens its entire altcoin ecosystem also absorbs huge money.
What will happen it depends on the market conditions but for today Happy New Year.
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