$ETH bulls finally offer a strong bullish narrative but

CN
9 hours ago

$ETH bulls finally offer a strong bullish narrative but...

.... for a violent upward move I want to see strong onchain metrics for L1:

1. Transaction count finally breaking a 3-year slowdown

2. Active addresses starting to rise

3. However, price increase, transactions, and active addresses have yet to make ETH deflationary

Over 30d, 6k ETH burned vs 79k issued.

- Need to scale the L1

- Need new dApps on mainnet

- Need more activity on the L1

Then $ETH will be unstoppable.


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