$ETH is so Bullish

The fundamentals of $ETH have never been stronger

Welcome to the fourth Alpha newsletter. We curate alpha for you. That’s it; that’s the newsletter.

---

We could go into serious depth about why $ETH should do so well over the coming months, but Alpha is a “give me the TLDR newsletter”. Crypto Gucci has it nailed in a nutshell.

Crypto Gucci 🦇🔊| crypto-gucci.eth @CryptoGucci

Want to know why I’m bullish on the #Ethereum ecosystem: 1. $ETH near ATH 2. #NFT volume 20x since last year 3. L2 TVL at ATH (3.9b) 4. #DeFi TVL at ATH (105b) 5. Merge coming in ~8months 6. 589K ETH burned since EIP-1559 launch 7. 6.7% of the ETH supply staked in 2.0 contract

Molly has the $ETH merge timeline and has told you to put your seatbelt on.

Molly @bigmagicdao

Fundamentals + Narrative $ETH Buckle Up , we are going to moon bb.

Molly @bigmagicdao

After EIP1559 deployed it has improved the weakest part of Ethereum “monetary policy”. Now ETH is not just a ultra-sound money , but also has cash-flow narrative. Plus smart contract platform, based layer of DeFi… ETH2’s not price in yet..

Burn baby burn.

Anton Bukov 🦇🔊 @k06a

Ethereum users burned $2B of $ETH equivalent in total since #EIP1559 activation: dune.xyz/k06a/Ethereum-… @DuneAnalytics

Token Terminal @tokenterminal

ICYMI Users of @ethereum have paid ~$1.0B in transaction fees over the past 30 days. Of that ~$1.0B, 82.45% or ~$824M was burned* and thereby returned to $ETH holders. *The burn mechanism is similar to a stock buyback because it decreases the amount of tokens in circulation.

Another reason to be bullish on $ETH’s L2s.

DCinvΞstor @iamDCinvestor

there is no way any single team can keep pace with how quickly crypto will evolve from here L1s which focus all effort on optimizing at that layer will not compete market-driven L2s, built on very solid & trustworthy L1s like Ethereum, will evolve 10x to 100x faster

Crypto Gucci 🦇🔊| crypto-gucci.eth @CryptoGucci

Layer 2 TVL on #Ethereum has now hit a new ATH 3 days in a row! Ethereum is scaling. Prepare accordingly!

The institutions are here and they aren’t leaving any time soon. Raoul Pal is calling $ETH the greatest trade he has seen in his whole career of covering financial markets. It’s probably nothing.

Dan Tapiero @DTAPCAP

Institutional adoption of #Ethereum driving next leg of bull mkt in #Crypto mkts. NYDIG, Fidelity, Cathie Wood's Ark all moving in. @RaoulGMI calls #ETH "greatest 6-9 month trade in the HISTORY of financial mkts." Eth for defi/nfts/staking in face of burn means 10k possible.

Adriano with another succinct breakdown of the bullish case for $ETH.

Adriano FΞRIA 🦇🔊 @AdrianoFeria

Institutions are accumulating $ETH. Miners will be selling rigs to stack (and stake) $ETH. EIP-1559 is 🔥 $ETH. The merge will reduce issuance from ~4.5% to ~1%. $ETH supply in exchanges continues to trend down. #Ethereum supply shock meeting demand shock. 🚀🚀🚀

We need another word for bullish, because that word isn’t strong enough to describe Tetranode's $ETH prediction.

TΞtranodΞ (💎, 💎) @Tetranode

I'd just go with $ETH and watch L2, especially ZkSync combined with sharding, go toe to toe with competing L1s It basically comes down to #ETHEREUM maintaining network effect while it keeps scaling... Betting ETH will go from current ~$3,900 into $100,000 by 2026

DeFiGod @DeFiGod1

3/ So you are going to want to denominate in something like ETH, SOL, AVAX, maybe DOT if VCs stop cucking the ecosystem plays. Plan would be to take your $100k buy one of those then buy small/medium cap coins in the ecosystems. You want to buy then flip for a 3-10x back to the

The $ETH merging of chains narrative is coming… We know Crypto Twitter likes narratives.

Bob Loukas @BobLoukas

Next month, the $ETH merge chatter will begin getting louder and then louder.

---

How’s the TA?

MacroCRG @MacroCRG

Highest weekly close *ever* on $ETH. That is all. 🔗 delta.exchange/MacroCRG

Cactus @TheCryptoCactus

$ETH / USD Bulls want to run it higher, very bullish with the amount of buyers keeping us above this level, looks juiced. Closing off a fair bit of my position if we see a candle close below $3950, but ready to ride this to new ATH's.

DonAlt @CryptoDonAlt

$ETH When I look at ETH these are the three most probable outcomes 1) Straight moon 2) Fake out down then moon 3) Breakout then nuke Tiny chance it just straight nukes from here So 3 out of 3.5 options go up first. Bulls AND bears should be happy with higher prices.

HornHairs 🌊,🌊 @CryptoHornHairs

Why wouldn't $ETH go to fresh all time highs this week?

Never forget it’s still early.

croissant @CroissantEth

Why do people think they’re late to crypto? Believe it or not, only 2.6M wallets have ever interacted with DeFi That’s only 1.2% of all wallets on $ETH, & many people have several wallets in use! We haven’t even begun to discover what can be done on the blockchain

croissant @CroissantEth

If you ever feel like you’re not early, just take a look at the total number of users who have ever interacted with different DeFi protocols… $UNI - 2.4M $COMP - 326K $SUSHI - 201K $BAL - 178K $AAVE - 67K $MKR - 73K $CRV - 43K $YFI - 31K $SNX - 18K & you’ll feel a lot better

Here is croissant with the detail if you want to dig further into the bullish case for $ETH:

croissant @CroissantEth

There are several things leading up to an extraordinary supply shock for $ETH It’s getting to the point where it doesn’t even matter who sells, there is simply too much demand for block space on Ethereum Let’s discuss! 🥐

---

And that’s your alpha.