Ethereum is going to $15,000 this cycle, and here are three simple reasons why.
Ethereum is still undervalued compared to its full potential for the cycle and the factors the Catalyst that could drive it up to $155,000.
Let me show you this chart here to get started. This shows that Ethereum could go up to $15,000 a cycle.
This is the Fibonacci retracement tool, and the 3618 level is the target, which is currently right around $15,000, about $15,300 to be more precise.
Oh, but that’s just some Hocus Pocus on your charts that you drew there, buddy.
Oh, really? Well, here is the chart for the FIB extensions from the last cycle. Ethereum got almost to the dollar, almost to the dollar, to the 3.68 line.
The orange arrow here highlights the peak price in the 3618 Fibonacci line. That’s some crazy. You paying attention yet?
Good, because now I’m going to tell you how it’s actually going to happen, what the catalysts are going to be that’s going to take it up to that $15,000 Coinbase price point.
First, we need to talk about Coinbase and, more specifically, Base Chain. The big thing in crypto right now.
You’ve probably heard about it. This is quickly becoming one of the major meta-stories, trends, narratives of this cycle, the place where the money is made, okay? And the users are going and the total value locked, going, the money is going.
The real story about Coinbase’s Base is that they’re about to open the floodgates to the Base Chain via their smart wallet.
Coinbase has 120 million customers, and every single one of them will need to buy ETH in order to do anything on Base. And most people probably won’t just buy $5 worth of Ethereum.
And while things like Mcoin, Brett, for example, or Aerodrome Finance are probably still pretty gosh dar and undervalued as direct Bas plays, the big picture here is that Bas is a huge value-driving mechanism for Ethereum itself.
If you don’t want to get on Base, probably should consider doing it if you haven’t already. But if you don’t want to, fine, just holding Ethereum gives you exposure to everything that Base is doing and it also gives you exposure to every other layer to what they’re doing, Arbitrum, Linea, ZK sync, etc. Bullish and all that stuff.
Hold ETH if you believe that layer twos are going to be huge more broadly beyond just the bullish hype of Base itself.
Then just buying and holding Ethereum gets your foot in the door for the entire Layer Two narrative that’s taking off. But Bas specifically is the biggest single onboarding event for Ethereum onchain users that we will likely ever see, certainly the biggest one that’s happened ever so far, a once in a chain liquidity event, one might say, this is the Bitcoin ETF but for Ethereum users.
Now, before I break down reaking and the ETF are two major catalysts, I want to let you know about the Wealth Mastery newsletter.
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Now, Restaking, let’s talk about reaking. Long-term reaking, Ethereum, possible house of cards that could lead to a massive deleveraging event but during the bull run, you know, probably a massive driver of value for Ethereum. The igen layer main net, which is the main reaking protocol, has just launched which brings us one step closer to the igen mega drop. It’s going to be so big, isn’t it? A lot of people are going to make too much money off that, it’s going to be wild, wild, the wealth is generated by this thing. You can even add in the layer two airdrops coming in for Linea and ZKY in terms of wealth creation on chain for Ethereum, but the E3 staking world will create wild sums of money from these particular airdrops and from the big yields that are being created in the Ethereum ecosystem right now. A lot of that money flows back to Ethereum as long-term bags are added, some may even round trip from airdrops back into staking and then into the reaking protocols, Kelp Ether, Puffer Finance, Clay Stack, stuff like that. This is the wealth effect for Ethereum in play, which creates more overall economic activity, which will bleed down to Ethereum Blue Chip DeFi, Ethereum Blue Chip NFTs plus the bonus of all this economic activity on chain for Ethereum main chain Ethereum is where all stuff’s Happening by the way main chain ETH dirty disgusting fees right, that means more demand for ETH, more burning of ETH, more ETH locked in the Stak in contract, more ETH leaving exchanges all bullish catalysts and yeah the fees are going to get even more disgusting you think you’ve seen disgusting Ethereum fees yet, you ain’t seen nothing, it’s going to get PUK worthy out here but everyone on Ethereum they’re already rich they probably don’t really care that much if they’re making giant returns from all this stuff they’re doing the reaking Boom is one of the biggest economic events on Ethereum in years I’m not just not fading this narrative I’m actually participating in this one on the way up with all those reaking protocols that I just mentioned Ether 5 being the biggest one right now.
— The third insane Ethereum ETF Catalyst that will drive ETH to $15,000 this cycle is the ETF, which by the way largely expected to get denied in May so then WTF might talking about why is this a bullish Catalyst Lark well you need to understand the big picture here what’s actually going on this is black freaking Rock trying to get an Ethereum ETF and while the May 23rd date has been widely reported to be denied expected to be denied it’s only f x application black rocks final deadline is August 7th Black Rock has got over 500 ETFs in its history and it only ever had one denied just one so the chances that we get an ETH ETF in August probably pretty decent will Gary gendler dare to deny Black Rock does he ever want to have a job again in Washington when his revolving door at the ACC ends no probably not anyway we shall see and if it fails of course even Black Rock gets denied in August 7th and everyone’s going to sue them JP Morgan has stated that they believe an ETH ETF will come eventually and that there will be a legal battle that the SEC will lose this is JB Morgan saying this the SEC will lose that battle because there’s already so much case precedent I.E from the Ripple case and the grayscales case so the SEC has no legs to stand on and the SEC once again lose terribly in court be forc to approve an ETF for Ethereum the ETF for Ethereum is not a matter of if it’s going to happen but when it’s going to happen which makes the SEC even dumber what a waste everyone’s time and energy because they must know they’re going to be forced to approve it so why fight it why screw everybody over anyway when it comes it will be a wildly important event for Ethereum it’ll be a major liquidity injection that Ethereum has never seen before on par with like the Bitcoin ETFs keep in mind that Ethereum has a third the market cap of Bitcoin can it get one third the amount of inflows well if it did then we’d see $4.3 billion dollar flowing into Ethereum in just the first 100 days which would equal to 1.5 million Ethereum at the current prices that is some huge demand considering that on Exchange balances for Ethereum keep falling the burn has Ethereum issuance in the negative right now layer 2 demand is rising all the time especially from Base and about a third of the total amount of all Ethereum is currently staked in the staking contract which has a two-year plus exit queue to get all the ETH out of it now I’m not a math doctor guys okay you may have noticed not a math doctor but those factors right there I’m pretty sure equal M O N that spells moon it’s pretty damn bullish and it could be enough to drive Ethereum up to that $155,000 price Target this cycle now does that mean Ethereum is the best risk reward asset in crypto right now no obviously not for slightly more risk coins like Avalanche could maybe reach $500 this cycle which is a 10x compared to the 3.5x potential for Ethereum perspective right but if your ETH bags are already packed then you are probably going to have some exciting price action to look forward to as the Ethereum Catalyst continue to heat up the price of Ethereum over the coming months and to be clear you can still buy Ethereum is still going to give that 3.5x if we get to the 15K price Target and while you’re waiting for that to happen you can restake your ETH and earn all kinds of airdrops and stuff so it’s not to say buying Ethereum is a terrible idea or something like that it’s just that the reality is it’s such a big coin already and there’s lots more juicy opportunities elsewhere in the crypto space where you could have much bigger returns but for higher risk anyway thanks for watching.